Well, how much oil should it inject having it set up how Honda intended?

I set it up from the tuning part of the website, but I recall being confused as to the two different markings on the oil injector body. I set it up using the furtherest marking, and it poured smoke out, so I adjusted it to the closest marking but it seemed to be hitting the stop plate (leaving a little bit of slack in the cable with the throttle fully closed). Deciding to exercise caution, I decided not to ride it at this and adjusted it between the two settings somewhere and have been riding it like that.

As you can see, I don't want to be gooing things up by using too much oil, nor do I want to seize the thing.