Adj is a voltage trim pin You could try a 10k preset across +5V and RTN with wiper to ADJ pin and see how you get on. If you want 5V just leave it unconnected.
Power General were bought by Ault in the early 2000’s This is a PSU designed for telecomms applictions (48V input is the clue). Try this for a similar units datasheet. https://www.elite.parts/datasheets/d1vx89qr.pdf
Robert.
Edit they say a 1k pot for adjust, my 10k guess was on the safe side.