Cam,Sometimes when trying to get a good look at something inaccessible, it helps to poke your phone down there and take a photo.
As mentioned above, I'm not at all familiar with the Atlas clutch, so I'm struggling to understand what you're describing with moveable nipple, threaded pin, etc. My comment about Piet's post was based on theory of simple machines (levers and such) rather than any specific knowledge about the bike.
The 500/600 use a clutch cable with a fixed nipple only at the handle bar end. The nipple used at the engine end is a screw clamp type. There is no on-the-go provision for cable adjustment other than at the handle bar lever.
The clutch is actuated by a vertical shaft (#7) with a fixed 90° lever under the crankcase, the shaft passes over the end of the gearbox mainshaft and pushes on the clutch pushrod through a small adjuster screw (#10). With the clutch lever pulled, the included angle of the actuating lever and cable should be close to 90° for maximum advantage, nothing arse about there...
Adjustment is achieved by positioning the lever via the adjuster screw at an angle that will result in the 90° when deployed and sliding/tightening the nipple on the cable to suit.
piet
