The crush sleeve is for compressing to the point where the clearance/drag is correct. Tightening the nut more than it is currently I wouldn't go over 1/4 turn, 1/2 tops. You start changing the wear pattern in the gearset by just tightening it til it is tight. There isn't a torque spec for this you set it pinion preload which is measured in inch/lbs between 20-25 new, 10-15 used.
There is more to it than this, but if the nut is loose, I would have counted the threads protruding, put some locktight on it and put it back on, not going over 1/2 a turn past.