Yes - you are looking to get a 'fit' of the gears that is not 'tight'. There is supposed to be some "backlash" which means a slight gap between the teeth when going from drive to overrun. Too much gap will create noisy operation and premature wear of the teeth and too little gap means friction and constant loading of the shaft bearings and premature wear there.
You can get away with 'feel' of the back lash. Fit the pto with just one gasket or shim, then with the pto engaged, operate the pto output with your hand. Rotate the output as if you were trying to turn the drive with the engaged pto. If you cannot feel any slack as you rotate the output back and forth, then you need to remove the pto and add one shim. Repeat the test until you can feel a little slack between drive and overrun. It's like wheel bearings - not tight, just a tiny bit of 'free play'.