No, not adjustable. But there is also no good way to bleed it, either. When I did my last clutch the pedal engagement was very high but after a couple weeks it was closer to the middle, as it should be.
Love that car. And I have the same suspension set up on mine. I do track it, and with the lowering springs, bigger sway bar, panhard bar etc it handles very well.
Glad I made it here. Not that it'll ever be a high bucks collectable car, but we with '09's are driving a rare Mustang. Info I got from the International Bullitt Club tells me only 626 in Green, 181 in Black.
No mods here since I no longer do track days, autocross, or hit the strip. For me, it's just a semi well balanced driver used for trips out of town.