At least on the B4, the other end of the adjuster is kind of like the end of a screw that pushes on the linkage that opens the carbs. The more you turn it in, the more they open (raising the idle). You CAN back it out so far that it is no longer touching the carbs (and therefor no longer doing anything). On my bike, if you have enough light, you can see where the end of the adjuster is. If I were doing this, I'd get so it just touches and then screw it in another 1 full turn, start it up and see where you are. If it still dies on you, turn it in some more. If it's too high, back it out. It's going to be trial and error getting it right.
Again, this is based on my experience with my B4. Your mileage may vary! The bottom line is that you certainly can back it out too far so your idea of finding the 'middle' won't work. Plus, I would guess that the middle would be WAY too high. Screwing it all the way in would be something like having the throttle wide open.