Installation Question for Banjo Style Chain Adjusters

[MOTOmike]

I usually take photos of everything before and during dissasembling of any bike components so I can get everything back the way it came apart. But somehow, I didn't pay attention to the banjo style chain adjusters on my 1939 Elgin Twin 20.

Is there a correct way for installing these adjusters? Should the round "washer" part of the adjuster be installed so it is on the inside of the rear dropout (1st photo), or on the outside of the rear dropout (2nd photo)? It fits both ways. Does it make a difference?

Thanks,

Mike

 

[saladshooter]

2nd picture gets my vote. How's the two speed work for you?

 

[MOTOmike]

2nd picture gets my vote. How's the two speed work for you?

The 2-speed Morrow hub works and is very smooth.
Mike

 

[THEGOLDENGREEK]

Chain adjuster go outside!!