A small correction here. A pot labeled "tracking," "TG," or similar has nothing to do with laser power. It changes the gain of the tracking servo, which can drift or become out of alignment for a number of reasons (including low laser power). It's safe to turn that pot. If TG is low, you will have trouble. As gain increases, noise from the head will increase- that's how you will know which direction you need to go.
Tracking gain is a compromise. Too much gain decreases performance on defects and errors, and can make for audible noise or oscillation from the head. Too little gain makes the player prone to skipping with shock, sonic vibration or marginal discs.
Tracking gain is also not the same as tracking offset and E/F balance. Don't ever touch pots labeled that without an alignment procedure from the service manual in your hand.
Laser power is another story. Most players have the adjustment on the head itself, though some early players do have LP adjustments on the main board. Turning that power pot is tempting complete disaster. Sometimes those pots get dirty, and moving them a half of a degree will be enough to destroy the laser diode. And just a smidge of extra power can be enough to degrade a laser diode very rapidly. One needs a laser power meter to get that correct, if adjustment is indeed in order.