The clutch in a CX500 shows its wear-state by the angle of the actuator arm on the right-hand side of the motor - but it's probably the opposite to what you would expect - the arm is about 20 degrees UP when the clutch "pack" is new, and it gets to about 20 degrees DOWN from horizontal when the plates are nearly worn out. If it gets to about 30 degrees below horizontal, then you will probably find that the pressure plate has "bottomed-out" on the clutch centre, and the plates will spin freely with no pressure on them at all. Usually, by the time your wear has progressed to the 20 degrees down, you have a very bad case of clutch slip.
As the clutch plates wear, you have to screw IN the adjuster on the handlebar lever mount to compensate.
All this assumes that you have the correct thickness gaskets between the front cover and the crankcase, between the clutch cover and the front cover, and that the normal thrust washer/spacer has been used at the rear of the gearbox input shaft.
The other way of telling the state of wear when you are assembling a motor, is to measure the total height of the clutch "pack" - the distance between the pressure plate face and the clutch centre face where the friction discs bear - and it should be 33mm or a little more for a new "pack", and if you find it's 31mm or less, you'll be looking for some new friction plates really soon, if you don't go out and buy some before the motor assembly goes any further.