First question: I had the same problem and by loosening the bolt 1/4 turn as the instructions said, I immediately felt the diffrence in that sweet spot. I also quickly felt the difference when I was sitting on the metal plate.
Second question: My husband helped me out with that one. However you look at the saddle, top side/underside, think of how you would screw on the bolt. For example, I held the saddle in my hands, upside down so I looked at the rails and plates, with the nose towards my right hand and the seat portion towards my left hand.
I looked at the bolt and (ok, this next part sounds stupid but this is my level of mechanics) and thought, if I had to screw on this bolt, which direction would it go? I would turn the bolt away from me. So to loosen, I turn towards me.
And that's how I did it on mine. Sorry if sounds simplistic or worse yet, offensively stupid, but my brain does not work beyond this level. I mean, I was the person who thought putting on/off pedals was terribly complicated.
Hope this helps and if not, maybe someone else can give a better explanation.![]()



If I wanted to "loosen" up the tension, would I turn the wrench to the left (as I'm holding the saddle in my hand, flipped to the underside, with the nose closest to my body)? 
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I really wanted this saddle to work for me, but after riding 88 of THE most excruciatingly painful miles yesterday, I have decided to send it back to WallBike for a refund. My girl parts have never been so torn up in all my life! It literally hurt to pee, after I got home from that ride. My labia and clit (sorry for the TMI) were SO inflamed and swollen, I could not even wear underwear for the rest of the day. 
I could hardly walk after 30! I hope the Specialized works for you, if not, good luck with the SI.. I do recommend the SI Diva Gel Flow - it is probably wide for you though if the Specialized is a 143mm saddle...