You can move the preload collar with a pair of water pump pliers (Channel Locks) on a rag.
There are two things going on with shocks--spring rate (adjustable, within limits, by preload changes) and damping (resistance to compression and rebound action). For aggressive riding, OEM shocks of the period were marginal when new, and often hopeless with 15K miles or so of use. A good pair of new Progressive Suspension Series 14 shocks with springs selected for your combined bike and rider weight can be had for around $200 from 650 Central. If you know what spring rate you're looking for (and if the vendor knows what he's selling), a good pair of Red Wings (Kayaba's premium aftermarket line) can sometimes be had for less. With shocks, you'll get what you pay for; avoid the cheap stuff.