The H screw doesn't have a specific place, or amount of turns out where it should be. The tune changes due to weather, temperature, fuel, etc. All saws are different.
To tune the H speed, yes, you do it at WOT. You want the saw to sound like it's stumbling, or 4 stroking WOT no load. It should clean up and sound nice and smooth under a load.
See the videos in Brad's link, or lots of other info or videos on the correct sound. Some say to tune with a tachometer, I say (and others) tune so it 4 strokes and cleans up under load. Once you hear it, you'll know it.