You can download a
service manualHere. Adjusting the valves every year is overkill, but if it brings you peace of mind, then it's fine. The recommended interval is every 200 to 300 hours. I agree that Permatex is a pain to clean but rarely leaks if installed properly. I use a
flat plastic razor held vertically to the surface, and that works well. I use
this Permatex style applicator and it works great. To apply it correctly, apply a bead around the edge of the cover, then install it with the bolts just snug enough to start to flatten the bead. Let it set for 8+ hours and then torque the 3/8 bolts to about 60-80 in lbs. / 5-7 lbs. ft.