After building a Moog Etherwave Standard Theremin kit I had some questions about the correct tuning of this theremin. I was sent this informal instruction on tuning a Moog theremin. Hope this helps any one else with questions.
Here is my technique for tuning the volume circuit:
Set the volume knob on the control panel to 3 o'clock. Stand as far to the left (pitch side) of the unit as possible, so you are away from the volume antenna. With the unit powered on and hooked up to amplification, reach over with the trimmer tool and start turning L11 through its range. Somewhere in the middle, you should hear a sound start to be audible, reach a maximum loudness, and then die off again. Turn the lug back to the point where the sound is loudest. This should put it in the correct range, to where the sound is silent when your hand approaches the antenna and them becomes louder as you draw away; additionally the Volume knob should be set correctly such that it controls not the actual volume but rather the hardness or softness of the volume curve; meaning how quickly the sound reaches maximum loudness as you draw your hand away. At the clockwise extreme it should have a brighter, sharper attack and at counterclockwise the volume should increase smoothly and slowly as you draw your hand away from the volume antenna.
Tuning the pitch circuit is really an art in itself. Roughly speaking, L5 controls the "top end" or the highest pitch you hear when you are touching the pitch antenna, and L6 controls the range, or how far from the antenna the zero point (zero beat, or silence) is located. I perform the tuning using a special wooden cabinet top with holes drilled above the variable inductors, because the presence or absence of the top influences the adjustments. It is more difficult when you have to perform the tuning with the cabinet top completely removed, and then listen to it again with the top in place to see if the tuning is still correct. Generally I find the top seems to influence the pitch downwards from what you hear with the top removed; if so in tuning it helps to "tune high" by a bit and then set the top in place to see if it falls into range. Here is my procedure.
First, listen to see if the pitch goes higher or lower as you draw your hand away from the pitch antenna. If it goes higher, adjust L5 so that the pitch descends through the zero point and then starts rising again; now it should be in the right direction. The next step is to grasp the pitch antenna and adjust L5 so that the frequency you hear is in the neighborhood of 3.8 kHz. L5 and L6 interact, so there will be a decent amount of back-and-forth between the two adjustments. Once you have the top end around 3.8 kHz, move your hand away and see where the zero point is located. It will likely be too close (too short a scale range); to adjust, stand at arm's length from the pitch antenna and reach over from the left to adjust L6. You want to adjust it so that the zero point is about an arm's length from the pitch antenna. Generally this involves turning the lug in L6 in the same direction as you adjusted L5 to get the top end.
The first time you do this, it will probably drive the top end higher than you wanted it to be, so go back to grasping the pitch antenna and turn L5 in the appropriate direction to get back in the neighborhood of 3.8kHz. Notice which direction it went (higher or lower) as a result of setting L6; and overshoot in the appropriate (opposite) direction to cut down on the number of times you have to go back and forth between the two adjustments.