On a gasser you have to adjust the modulator, because it see's manifold vacuum, which isn't "adjustable." However on our trucks the VRV controls the vacuum the modulator sees, effectively controlling the shift points. So adjusting the VRV moves where your shift points occur, only without crawling under the truck.... in the snow..
If you're set on adjusting it at the modulator, backing it out makes for lower softer shift points, and screwing it in is higher and harder.