I just rewatched the Nuttcaze video "ESky Belt CP V2 Beginners Guide - Part 3" and it indeed shows moving the short adjuster to set blade pitch.
Looking at the "system" of link rods and the control arm, it looks like the longer rod (from the swash plate up to the Bell Control Arm) makes a finer adjustment to the blade pitch, and the shorter rod, from the control arm to the blade grip is more coarse.
So if you set the blade pitch using a pitch gauge and turning the short adjuster, you get it pretty close (after all, you are still only kind of eyeballing the gauge as level with the flybar). Then the fine tuning comes in when you spin up the blades, and can tweak the longer rods for true tracking.