It's possible to "over adjust" a chain. I prefer a slightly loose chain and I find the need to adjust less frequently.
With the bike on the center stand I adjust the chain so it just hits the uncerside of the swing arm at the mid point. This translates to the maximum end of the range in the owner's manual.
I've got 23K miles on the original chain and have adjusted it only three times, at 2500 (initial adj.), 11K and 23K miles. In each case it required only one sixth of a turn or "one flat" to correct the slack.
I do use a Scott Oiler adjusted to give about one drop per minute. That seems to keep the O-rings "wet" and the chain kink free. The negative is that the rear wheel gets a bit grungy what with the fling off from the chain, but it's easily wiped off with a rag -- no cleaner needed.