I don't have a slip clutch on anything (thank goodness!/w3tcompact/icons/smile.gif), but the manual for my tiller says, if you have the slip clutch and the tiller has been "stored for an extended period" to perform an "operational check":
Loosen eight nuts retaining clutch springs exactly one full turn.
With tiller blades firmly on ground and tractor at idle speed, engage tractor PTO drive for 2-3 seconds. Clutch should slip without turning blades. If clutch does not slip, contact your authorized Bush Hog dealer.
Retighten nuts to within 1/64" of original position. Initial spring length is 1-3/32" (27.6mm).
Slip Clutch Adjustment
The slip clutch is factory preset to the correct torque for protecting implement and tractor. Periodic adjustment is recommended; refer to (the operational check I just quoted). Should adjustment be needed, first check to be sure all spring lengths are within 1/64" of being the same. Initial spring length is 1-3/32" (27.6mm). If necessary, loosen nut on any spring that is unequal. Adjust all eight spring retaining nuts 2/3 of a turn (2 flats on a nut) and check clutch slippage. If further adjustment is necessary, do so in 1/3 turn increments or consult your Bush Hog dealer. Adjust only to provide sufficient torque to prevent slippage under normal conditions. When rocks, roots, etc. are present, occasional slippage is normal for drivetrain protection.
Nothing complicated, but doesn't that sound like fun? I'd prefer just staying with the shear pins however I've never sheared a pin and if you're working in rocky ground where pins shear frequently, then I can certainly see an advantage to the slip clutch, and a reason for paying $100 or so extra to get it.
Bird