Looking again at my Twister Hawk, the flybar is connected to the top rotor, which is otherwise free-floating, and the servos operate the bottom rotor. both rotors are obviously driven in opposite directions by the motors.
Now - with the flybar horizontal, no matter what angle the fuz is at (within reason!), the centre part of the top rotor, and by implication the blade roots, is also horizontal, the blade angles are decided by the blade manufacture.
To set it up again by eye, get the flybar balanced up first, so it stays level, then adjust the link a half turn at a time until the rotor head on both sides of the shaft look to be at an identical angle, turning the assembly by hand in 90' steps and observing carefully until you get it as close as possible.
Before you try hovering again, ensure that the rotor shafts are not ever so slightly bent, as that will cause the rotor to wobble, and the heli to dance all over the place!