Since this mount is very similar to the 220SE W128 rear engine mount, I just recently replaced that and have a recollection in regards to the long bolt adjustment. In the "starting 1959" service manual, it goes over the "A" dimension. A similar "A" dimension is on the diagram for the trans mount that is found on the link that Charles provided. Again it is similar to my rear engine mount adjustment.
The long bolt has a rubber washer under its head. In theory, that rubber washer should not contact the mount and should have roughly a 1mm gap. You cannot see that gap because of the rubber cover. That is why they give the A dimension below and when set to that, provides the correct gap between the rubber washer on the long bolt and the mount. This mount is normally in compression, so the long bolt is there just to restrict movement if the mount is in extension so the mount does not pull itself apart. Shouldn't happen often, but that is what it is there for. If the mount does become in extension, the rubber washer cushions the contact between the mount and the long bolt head.