Join Date: Dec 2005
Location: Upland Ca
Bikes: Lemond Chambery/Cannondale R-900/Trek 8000 MTB/Burley Duet tandem
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You can't move the clamp up or it will raise change the line in which your chain travels through the derailleur cage. Derailleur should be a few mm's over the chainrings. Raising it will affect everything!
I've used a few washers as spacers under my cage to raise it away from the paint so that it doesn't scratch the job, but might take too many to move it away from the clamp.