STEP TWO:
Increase Pin Fall over a stock Savage bolt. The internet seems to think at least 0.250" of pin fall is needed

The top position is fixed by the sear after the cocking pin has been dropped off the notch, by moving the handle down. The bottom position is fixed by where the pin ends up after firing. Excessive pin protrusion is a waste of Pin Fall. Most stock bolts will have close to 0.060" pin protrusion. While the primer is the bottom stop when firing you don't want the cocking pin hitting the bottom of the cocking slot before the pin hits the back of the bolt head. The internet (again) seems to think a 0.030" pin protrusion is plenty. About 25 for the primer dent, maybe a little for headspace/brass compression, maybe a little more for "just in case".
0.060" stock, 0.030" is enough, I shoot for 0.038"-0.040". The adjustment (28TPI 0.0357 per turn) allows 1/4 turn increments (0.00893" per 1/4 turn). Removing a couple thousandths from the contact end of the adjusting nut and juggling the 1/4 turn adjustments you can get within a couple thousandths of your target protrusion.
Once you have protrusion set you can start on increasing Pin Fall. With the upper location fixed by the sear, the bottom fixed by the Adjusting Nut hitting the back of the bolt head, you increase Pin Fall by SHORTENING the LENGTH of the pin from the Cocking pin hole to the end of the adjusting nut.
Just screw the cocking pin nut at the top of the pin in an extra turn or two. Won't go? work on the top nut.
There seems to me plenty of threads in that top nut so I use a 1/4" drill bit to countersink the hole a couple threads. Screw it down and check that the cocking pin DOES NOT contact the bottom of the slot before stopping on the bolt head.
OH GREAT. We've just increased pin preload. With the internet saying the stock spring is OVERSPRUNG, and the Extra power springs sold making it worse it's time to REDUCE SPRING FORCE.
OH GREAT. We need pin force in addition to PIN FALL to get IMPACT ENERGY.
(see where this is heading?)

Whoops, now the Cocking PIN hits the bottom of the slot. Gotta fix that.