Yes it is adjustable,pull the torch off the assembly, on the part that is attached to the lifter station you will see the magnet and there is a center allen screw that secures the magnet. Take the backing plate off, 4 allen screws, on the back side behind the magnet are 3 additional adjusting screws that act as a standoff. If you want to adjust the magnet out, loosen the center allen screw and then tighten the 3 allen screws on the back side evenly, then gently snug the center allen screw, vice versa if you want to adjust the magnet in. Ideally you want to adjust the spacing of the magnet to the point that it just touches the round disc that the torch is mounted to.