Yes Neal, you are correct and haven't mentioned that.

This bike used to be a SE once but came to my hands with most of the transmission parts out of a mc16 engine.
I removed and thrown to the bin all of the transmission parts.

Kept the crankcases, installed new bearings and a mc21 gearbox plus the dry clutch.

I'm not really sure of the tapered ring you are mentioning? Isn't is only a wet clutch part?
Cable is at the maximum position on the clutch cover and at the handle lever as well.
With the lever completely pulled, the top hat just barely touches the pressure plate, almost no existent move, you just feel it at your hand that there is contact but no visible movement at the pressure plate.
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