In my area, what I watch for to know things are going properly are for pieces of ironstone (magnetite), and cubes of pyrite (lots of them as well) to shimmy back up-current to the riffles as garnets are not common at all where I'm currently working.
Learning to adjust a sluice properly depends on several variables (material size, specific gravity of your heavies, volume of material, flow, presence of clay, etc.), but I'd suggest you work in an area where you know there's already heavies (lots of black sand, garnets, pyrite, magnetite chunks, etc. and just play around without worrying about the gold until you see things working properly in the sluice due to slope, water flow, classification of material, etc., then run some pay-dirt and you'll have a better chance at recovery when you test your tailings.
So, yes, when your heavy materials are migrating up, that's good, but there's the other variables you'll want to pay attention to as well, so when you know you're into the gold, you'll need to frequently check your tailings to make sure you're not blowing the gold out as that's the true test to see if things really are working as well as you think they are.
All the best,
Lanny