Observe the pot initial positions in photo, this is how I set them prior to alignment.

(The following is my alignment plan)

Upper Limit adjustment
    (Speed): CCW raises the top/bottom end RPM limit. (select top or bottom)
    Top RPM limit = 1100  RPM max. as factory specified.
    Condition: low-gear, no-load, panel speed knob set full CW.
    Bottom RPM limit = 0 RPM.
    Condition: no-load, panel speed knob set full CCW with knob switch ON. 
    (Torque): CW raises upper foot-lb. limit. (torque is proportion to motor current)
    Top current(torque) limit = 5A max. use "clamp" on meter or HF item # 42396. 
    Pre-condition: Fuse = 5A, gear = fast, no-load speed set = 60 RPM,  
    Test condition: gradually stall spindle to read stall current. (may cause injury)

Regulation function:* 
    (Load): CW reduces the amount of RPM drop when foot-lb loading increase.
    Note: adjustment here may spoil speed/torque alignment above. If so, redo
             limit adjustment once more and always end alignment with limit setting.

*(Note: 1998 Grizzly ESC has a bridging resistor built-in to degrade load
              regulation for reason yet to be discover, will update on this soon).

YK Chan
Seattle area
yk.chan@gte.net