Adjusted or turned right out (5)
I believe the answer is:
tuned
'adjusted' is the definition.
(tuning is a kind of adjusting)
'turned right out' is the wordplay.
'right' becomes 'r' (common abbreviation).
'out' is a deletion indicator.
'turned' with 'r' taken out is 'TUNED'.
'or' acts as a link.
(Other definitions for tuned that I've seen before include "Got engine right" , "(Of radio) set to a frequency" , "Adjusted frequency" , "on song" , "Correctly adjusted (eg in pitch)" .)