MCL instructions just said " adjust the nut that is behind the peg holding casting. .... The brake will not come down all the way without grinding the adjusting bold which is not recommended".
There is a small 10mm bolt behind the casting which I have loosened but does not seem to give any play for adjustment. I have read of other problems with brakes locking up after installing the pegs so I am inclined to take them at their word that grinding the bolt is not recommended.