I have just gone thru this with my '86 GMC build. There are a LOT of 'opinions' regarding how to adjust the TV cable. Here is what I learned as the surest method .
1. Remove the transmission pan.
2. Cuss and bitch about the trans fluid mess you just made. Resolve to get a pan with a drain plug.
3. With the throttle at the idle position, check the lash between the cable end and the plunger . It should be as close to zero lash as you can make it. The result is that ANY movement of the throttle moves the plunger . The plunger should not be depressed at all at idle. Nor should there be any free play between the cable and the plunger.
I'm anticipating many of the knowledgeable folks on here to disagree with this. This is not the only way, but in my experience, it is a sure way. I've done at least half a dozen in this manner and never had an issue and experienced good shifts at the right time.