will....
the arm with greese in it is NOT the clutch. it is the clutch activation leaver.
the arm presses against a little pin and pushes the clutch pressure plate on the other side of the moter (under the large cover on the right side of the motor).
the actual adjustment is made by tightning or loosening the 'star' nut in the middle of the clutch plate.
be sure to put the little brass set screw in when done.