throttle/shift cable adjustment

[Blue_Runner]

I noticed my throttle/shift cable has a busted shroud right where it goes into the front of the engine. It looks rusty in that area too. The thing shifts ok but was in need of adjustment since it was idling at 1400 rpms. I pulled the pin to detach it from the engine and adjusted the plastic end connector to be tighter, thus letting the lever go back further which brought the RPMs down to the 600 - 700 range as it should be. Also sprayed a little PB on the busted shroud.

2004 Yamaha 150 carbed 2 stroker

Did I adjust it correctly?

I guess its time for a new shift cable in the near future.