Great links bustr.
It's way more logical in design terms to fix the cannon to the engine without any recourse for adjustment, and then simply adjust the sight, similar to a rifle as many posters have observed.
The four bolt flange was fixed (I mean non-rotating) as it also served as the bearing surface for the cam drive gear set. If the cannon tunnel had an actual blast tube within it there would be absolutely no need for it to rotate.
Hopefully this picture will help. It's from a Jumo engine manual but the similarities are sufficient. It illustrates both the cam gear (right side of the picture) and the prop reduction gear (left side of the picture). You can see the cam drive gear is just a ring which would have rotated around what would be the four bolt flange shaft on the DB engine. Sorry the picture is a little small: