The wedge is made to be tight...too withstand recoil and maintain cylinder gap. There is flat spring on the wedge with a lip on the top end that is 5/32" wide; it should be inserted in to the wedge slot and the lip springs up once it is all the way in. This is to may sure it does not get loose. The cylinder gap,i.e. the distance from the end of the cylinder chamber and the face of the barrel/forcing cone is maintained with the depth of the wedge assembly. I set the gaps on my Colts at about 3 mils to 5 mils. Flint, may disagree, so we need his expertise and input. The only function of the screw is to keep the wedge from falling out. With the wedge in correctly, back the screw out until it touches the wedge, it may touch and again it may not; it should keep the wedge from falling out of the barrel.
Set your cylinder gap with a feeler guage an procure a brass(soft brass) pin to loosen the wedge.
Aces and Eights