Unsure of the adjuster pitch, but likely 1mm from memory.
1/2 turn is only 0.5 mm linear for wheel spindle, and so about 1/4 mm from the top and bottom chain run each. Doesn't seem out of the ordinary.
A new chain will "spread" its bushes etc under first period of loading, dependent on it's manufacturing tolerances, also just how much lubricant was in each pin site.
Reality check, put a ratchet strap over frame from each side of swing arm, pull it up so that wheel spindle is in line with front sprocket and swing arm pivot, then check how much slack is there in the chain run.
Too tight like that (the longest it can get to from geometry) and you'll get more variation than common. It needs about 10 mm in that situation as it'll be looser everywhere else.