Brad,
I have always felt the friction material of the clutch was real thirsty! Give it some oil and it will soak it up. Once it is contaminated, it's pretty tough to burn it off/out. A cooked, crispy hard clutch face will slip too, so again, it's almost a replacement situation.
This is my two cents on the deal! You have nothing to loose by adjusting the clutch and then experimenting with it to see if you can make it better...have some fun.
Stuart