It depends. Some dealerships don't do any more than you described. The setup guy at the dealership I go to is very thorough. He actually does go through the machine checking nuts & bolts for proper tightening - and he gives each machine a through (and somewhat spirited) test ride when he is finished. I have not had the typical problems (reported by more than one person) of centerstand bolts coming out, axel pinch bolts being loose, etc. on the machines that Sam has set up. I don't mind paying a guy like that for his work. But unfortunately, I think he is an exception. I am sure some dealers have their least experienced "mechanic" doing setup - and that will likely show a few thousand miles down the road, maybe sooner.