See below the "=" for the original post...
Ok, here's what happened.
The original was all messed up. The actuator arm was bent, the hole in the clutch cover that it bore in was worn out-of-round, the seal is bad, and the previous owner had installed the wrong clutch cable. And glued the gasket, stupid...
When I first started cleaning things up I replaced the threaded adjuster barrel that goes in to the top of the clutch cover - the P.O. had a different arrangement that was cobbled together from a smaller unit and a nut, both just sitting in the threaded hole, but loose.
When I put the cable outer in the proper adjuster barrel it sat for the first two or three level pulls and then the cable outer started extruding through the ferrule at the end - that's why I could tighten it up and it would work for a few lever pulls and then be loose again. It's the wrong cable and the outside is too small, or the ferrule too weak, or both.
One of the other engines is now minus its clutch cover and actuating mechanism; that arm is not bent and it's a bit tighter in the hole, but still wobbly. I will be bushing the first cover and then re-installing that with a new seal - will bush all the covers, actually, think that's a design flaw. The top-hat-shaped actuator part that rides on the ramp gets loose as well when it has to deal with an actuator arm that wobbles - sloppy clutch action ensues.
That clutch cable is still there - I made a small c-shaped plate to fit around the inner, between the cable outer and the inside of the adjuster. Then I found out that arranged that way, there wasn't enough cable inner extending past the end of the adjuster to go into the stirrup. Out came the dremel, sliced off about an inch of outer, then split that length-wise so the individual coils could come off the cable inner.
So it works, but I don't trust it. Getting a supply of new clutch cables, one goes in as soon as they arrive.
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Just fired up a 400f I bought last fall - and there's something funny about the clutch.
I set the adjustment correctly and made sure the cable was correctly seated at both ends, everything good, the locknut tight - after about 5 lever actuations the cable is loose and the clutch won't declutch anymore. I can repeat the process of loosening the adjustment bolt, re-setting it, locknut tight, 5 or so pulls and it's no cable pull left at all.
When I have the adjusting bolt at the point that "...a slight resistance is felt..." it is almost all the way in - there are only three or four threads left for the locknut to grab.
I think the previous owner was in there and screwed something up.
Anyone got any good ideas? Tomorrow I'm going in there but will check back here first...