Moving that arm is not the right way to adjust the cable tension/position. If your cable is too short, for whatever reason, you should replace it. Re-clocking, or changing the indexed position of the clutch actuator arm can open up a new can of worms such as interference with other parts, insufficient travel, etc.
As a rule the kit supplied clutch cables are too long except in the case of high rise handlebars (ape hangers) the cable shouldn't be too short.
How did you route the cable? Try routing it with as few bends as possible and no sharp bends or kinks. Don't use nylon tie-wraps to excess, allowing the cable to move/flex a bit.
I don't know if this answers your question or not but I hope the info helps.
Tom