Position adjustment refers to the mechanical design of the balance wheel and the hairspring. The little weights on the balance wheel are an important part of that adjustment. It is done to maintain approximately the same rate of balance wheel oscillation, regardless of which of the specified positions the watch is in. The 6 positions are: (1) dial up, (2) dial down, (3) stem up, (4) stem at 9 o'clock and (5) stem at 3 o'clock, (6) stem down at the 6 o'clock.
It's the positional adjustment and the temperature adjustment that sets this watch apart from many others made in the 1940's.
Adjustment for isochronism means that the watch runs with the same rate independent of whether the watch if fully wound or almost unwound.
Hamilton had in the 1920's a sales and marketing brochure called the Timekeeper and it had a chapter explaining those adjustments:
hamilton_adjustments.pdf, 238794 bytes
Dial material: a few models had porcelain enamel (aka vitreous enamel) on brass but most are made of a melamine resin (plastic) coated brass plate.Melamine resin (melamine formaldehyde) was one of the first widely used plastics. It's the stuff you find
on old light switches or old electrical sockets. It's a very hard and brittle
plastic. It does not easily burn and is very resistant to chemicals. The melamine resin dials do usually have cracks and hairlines after a few decades. The enamel dials may get hairlines too but generally not as big ones as the melamine dials. I have seen some cases where people have removed the original melamine and completely re-painted the dial. It looks nice but it is not original and Hamilton did not use such "paint on brass" dials for the 992b.