If the cam chain is adjusted with the engine running, it will NOT tension the chain.
The original procedure, from the K0 days when the Honda Service reps were the only gospel and before the famous green Honda shop manual apeared, the procedure was:
1. Remove the #4 intake valve tappet cover.
2. Slowly kickstart the engine over until the intake valve start to open, then look in the points plate's port to watch for the spring stud post to appear. This is about 15 degrees past TDC of the #4 cylinder. NOTE: do NOT turn the engine using the large nut near the points: turning it CCW direction even once WILL bend the mounting shaft, which then causes erratic ignition timing until the shaft is straightened again
3. Release the locknut on the can chain tensioner and release the bolt at least 1 full turn, then retighten the bolt, then the locknut. The reason for this order and 1-full-turn instruction is: the tensioner's shaft is tapered wider toward the engine to help prevent the tensioner from pushing the shaft back, out of adjustment again. Loosening it 1 full turn will help ensure it has plenty of space to slide inward and take up the chain slack.