how can i install/adjust a adjustable lead out guide and what are the advantages to having one
An adjustable leadout guide is anything that holds the leadouts firmly while letting you adjust them fore and aft. There's a number of ways to do it. The two most common ways to do it are with eyelets or sliders.
With eyelets (or screws), you mount a piece of plywood in the end of the wing, drill a bunch of holes with a slot in between, and use eyelets or screws as guides. You shove (or screw) the eyelet/screw in the appropriate hole, and that holds the leadouts in place. The downside with eyelets is that they're subject to falling out if you don't get the tension right on the guides; it can happen in flight and screw up your trimming. I've never done the screw method (so someone who has, speak up!!), but the idea is to take some suitable screws (probably #4 machine screws), drill holes in them (probably 1/32", to clear 0.027" leadouts), and use them instead. I believe that you also need to tap the holes in the guide, before sawing out the slot.
With a slider, you use a piece of slotted material (I just make one out of plywood), with a carrier that rides in it. The carrier has a pair of brass tubes for the leadouts. Or you can buy the whole shebang from various vendors. If Brodak doesn't have 'em, I'll be surprised. I don't keep track of who might do that, because I like building that sort of thing. You want to use big washers on the screw; if you have too small of a contact area then your plywood carrier will dent, which will keep you from adjusting by less than 1/16" or so.
(Note that the one shown is for a trainer plane with an external mechanism: in a normal in-wing installation the plywood slot gets glued into the wing tip.)
As a variation, some of the top guys use
two sliders, one for each line -- I did this on my latest, still-on-the-board plane, but I'm not sure I'll be good enough to tell the difference when I change line spacing.