Yeah ... that tensioner is a pretty piss-poor design in the 500. That's why so many primary covers are cracked at the adjuster hole ...
Anyway, I haven't been in the primary since last year, but as I recall it's pretty obvious when you have it on the right way. I think the 'rubber' stuff is off-center and will only line up (kinda) with the primary chain in one direction.
I know this much ... you'll definitely figure it out ... there seems to be very little inside the unit 500 that's 'magic' ... much less complex ...