Hi Gregg,
The method of adjustment you describe is correct, but I also have had problems with the long travel action of the clutch pedal. The solution I used was to cut the clutch pedal, re-position the angle to bring it closer and weld it back together. The pedal is now closer and I no longer have to push it all the way to the floor to get full disengagement. I know it's a bit drastic but it's a lot more comfortable to drive. Another point to keep in mind thinking about clutch action and adjustment, especially on right hand drive MkIV's is to make sure the cable is well lubricated and covered with heat protection / insulation material otherwise the inner cable dries and the cable snaps. This is because on right hand drives the cable is routed under the engine from one side of the engine bay to the other and is exposed to a great deal of heat. I guess left hand drive cars don't have the same potential for failure.
John.