My cam chain was loose enough to rub on the adjuster bolt, but pretty tight in spots. I've adjusted it not hit the nut anymore. The video is before and after, I'm using the kick lever to move things, maybe not too smoothly. Does it look about right at the end?
[video]http://www.youtube.com/watch?v=ekOS-zPoPo8[/video]
[video]http://www.youtube.com/watch?v=ekOS-zPoPo8[/video]