Carb problems and dizzy problems have the SAME exact symptoms. If the dizzy isn't right you can fiddle with the carb all day and night and never get it right. THE FIRST STEP IN ADJUSTING A CARB IS TO SET THE DIZZY UP RIGHT.
There are a few items on the dizzy that have to be correct. Make sure the initial timing is right. This effects the idle speed. Also verify the point gap/dwell. This has a huge effect on the idle quality. you can set the initial timing by either a timing light (most prefered) or the "advance until it pings at speed and back-off" method. As for the points gap, its either a feeler gauge or dwell meter. I like the dwell meter.
As for the carb, get it up to operating temp. Make sure the choke is off. Then set the idle speed first. I like to use a tachometer for this. Then adjust the idle mixture screw. I like to use a vacuum gauge. Adjust to the highest reading. You can also use the the tach, and adjust to highest speed. This will more than likely change the idle speed, so go back to that and adjust the speed to your spec. Then go back to the idle mixture screw. And do this one more time. I usually do the "idle speed-idle mixture screw" adjustment thing three times and call it good.
tanx,
Mugsy 8)