Those coupling nuts (technical name, I think) should be tightening against a metal plate (see pic below) and basically doing the same thing on other end where the plate is hidden under the nut area. They don't actually move up or down as you tighten or loosen them, unless the rods are completely loose.
So picture 2 long metal rods running from the nut to this point and threaded for the last few inches. Their job is to counteract the pull of the strings and help keep the fingerboard relatively flat. This push and pull is effected by weather because the wood expands and contracts a bit. So when it's hot and humid out you may need to loosen the truss rods and when it's cold and dry you may need to tighten them. Or maybe it's the other way around, I can't remember.
I think the point is to have relatively the same amount of torque on both rods and adjust them together as the need arises. There is no "reset to default" but since you have the strings off you could loosen them until the nuts are free, and then go from there. I would suggest putting at least a few tightening turns on them before bringing the strings up to tension.
When I make adjustments I do it with the strings on and tuned up. If I feel like there's a bit too much relief I'll tighten them a 1/4 turn or so, physically pull the neck back and forth to be sure things are seated, and then retune and see how it feels.
Hope that helps.
Jimmy J
Thanks, Jimmy - that is very helpful.
I discovered some curious things:

I don't have a plate, I have two separate truss rods. This might be due to the fact that mine is a '77 and among some of the earliest dual-truss Series I's (I know they made singles after mine, and began offering dual-rods before it, but not all that many.
Another curious thing is that only one of these (the bass side) has a washer.
Neither truss rod had much tension on it. On the treble side I could twist it with my fingers after a very modest 1/8 turn of the wrench. On the bass side, there was about a 1/4 turn of tension loaded onto the rod - the one with the washer. As I mentioned, I've never adjusted the truss on this bass, and until now never needed to - it seemed to always bear the correct amount of relief - even after switching from Roto 66s to Chromes several years ago. A testimonial to Alembic Build Quality, laminate necks, and getting lucky with the wood on this particular neck (I suppose).
So this raises some questions (to Mica, or anyone who might know):
1) For a 1977 Series, should I have a washer on both rods? I assume so.
2) Does anyone know what size that washer is? As you can see from the pic, mine is behind my LED wire, and won't seem to come off the rod without potentially damaging the LED wire. Looks like .41 inches circumference (using a digital calipers). I can't get to the aperture or tell how thick it is, though.