Sorry - you do - when you run out of adjustment you change the pads - little red knurled nut on HS33 (can be done on the fly if you want) - I think on the HS11 you have to use an allen key
This matches my impression.
Yes, on the HS11's you use an allen key (can me fiddly with a multi-tool because of the angle so I kept a separate allen key) - on fitting new pads yo ensure that the little screw is fully out. Then , as the pads wear you turn the hollow screw into the lever slightly more and more as needed. I value your advice on this yellow saddle but you are incorrect about this being a one time adjustment.
You keep turning the screw in more as the pads wear (nothing is automatic as far as I know) When it can't be turned in any more thee is nothing to do but change the pads.
Have you had any HS11's yellow?