Peter,
I don't have such a big socket tool either. I use to take an "Englander" for the rear axle nut. I think you as a Krauty know what I'm talking about.
I think the american word for this tool is "monkey wrench" (?) - that's an adjustable wrench.
I adjust the rear axle nut/bearings the same way like I always did it on my cars. I tighten the castle nut until I feel no end play in the whole rear axle unit (not too tight, otherwise you would destroy the bearings). Then I LOOSEN the nut back one notch - just enough to push the small splint thru the nut and axle.
I found out that 15 lbs weren't enough on my Boss, because my rear swing arm give some amount of pre-tension to the nut. Or - better explained - if I torque the nut to only 15 lbs, then I still have lot's of end play in the bearings. So I don't care about the 15 lbs, and torque the nut until I feel it is tight (I also turn the rear wheel slowly while I tighten the nut to make sure the bearings set perfect in the cones) - then I turn it back one notch. I always did it this way, and it worked always fine for me.
Don't miss to clean the bearings, and fill them with fresh grease. And use new seals - they are cheap.
Hmmmm...now that I write this all....I think you've got a 2003 model....do the 2003's have cone bearings at all? I know they changed the bearings a while ago, but I'm not sure when they did that....
If so - regular bearings might need a lot more to be torqued- what does your manual say?
Loaf