STEVETATRO,
The literature, books on performance tuning electronically controlled ignitions, and magazines relative to performance such as Hot Rod, and 5.0 Mustang specific magazines, discuss the benefits of "adjusting" the TPS.
The TPS is a sealed unit and is not, per se, adjustable. The slight amount of looseness in the bolt holes allows for a slight amount of "adjustment".
The TPS is a potentiometer(sp)and as it is turned it either increases voltage, or decreases voltage in the 0v to 5v range. The optimum range for operations is published as "approximately" .6v to 4.5v.
The computer responds to the voltage increases by increasing the pulse width time the injectors are open, ergo more fuel is added as the throttle is opened.
The idea of "adjusting" the TPS is to optimize the fuel/air ratio, and throttle response, throughout the range of throttle positions.
Most of the literature I have read, and the racers I have talked to, also argue that the optimum performance setting of the TPS is just under 1v at closed throttle.
I shoot for the OEM setting of .6v to 4.5v on Ford's TPS. I do not argue that the TPS is adjustable, but it can be "SET" with some "SLIGHT" variation. rangerj