In my tests on my van ( and some spares I had

)
Idle valve should NOT pass air through ( tried blowing through it) with no power
With just ignition on and connected you can blow through it and it should vibrate quite a bit.
Refit it and start the engine and the vibration is not so easy to feel, when running if you pull the plug off it stalls either hot or cold ( which means it's function is not just at cold idle)
If you pull the controller out when running it stalls also ( I assume no power to valve it closes)
The valve is held open by the ECU with the controller doing something ( perhaps PWM who knows)
If yours does not vibrate it implies either it or the controller is not working.
The valve provides a variable bypass for the throttle and by unplugging it you have made it close so no air passes and by opening the screw the air needed is passing by the throttle, bear in mind you have set your throttle body up with ( probably) a faulty idle valve so perhaps you already opened up the throttle screw far more than you would have done with a working idle valve hence why it didn't stall.
I suggest if you want to measure the signal to the valve with a 'scope you extend the wires, I think they are 2.8mm spades in the connector from memory so you don't have to cut the loom just buy some spades and make a male female extension, then you can get the wires you are measuring well away from the vehicle and best to use a current probe.
Pics for interest for those who don't know what we are talking about
