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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
it is not adjustable. replacements are like $65.00 at auto parts place. make sure you get one with lifetime warranty. I had to replace mine 5 times before I got one that actually worked.
Had similar problem with my 92 5.0 as javila2468. I had to replace the screws because a PO stripped the heads, just a heads up if someone was there before you at one time.