686 Adjustable Front Sights
Hank,
There are four independent settings on your 686 adjustable front sight. Each one can be adjusted independently. Depressing the rear of the sight assembly allows you to rotate the dial to choose one of four settings. When you turn to #1, you can set that one using a small Allen wrench. Continue on at different ranges to do all four (25, 50, 75 & 100 yards for example).
On mine I adjusted the rear sight about 75% of the way towards its maximum elevation. Then adjusted the # 4 position to be flush in the down position & finished adjusting the rear sight to be on target at100 yards. Remember, the front sight is backwards in relation to the rear sight (to raise impact you drop the front sight, to lower impact you raise front sight). Then I did # 3 at 75 yards, #2 at 50 yards & # 1 at 25 yards, not touching the rear sight in any of the three adjustments. At each of the remaining three settings the front sight was raised taller (to lower the muzzle).
This is probably as clear as mud, but it worked for me. I did this in June of 1986 (a 686 no dash) and have not had to change the settings on either the front or rear sights. I shoot mostly RN or SWC lead reloads. I also shoot any type of copper jacketed bullets I can get inexpensively and I did not see any drastic change of impacts unless I was at the 100 yard point.
John