Hi Gunsmoke,
I set up Tilly and Zenith adjustable carbs this way :
First, buy this :
http://www.amazon.com/Actron-CP7605-Tachometer-Voltmeter-Analyzer/dp/B00062YUUSPlace a folded rag onto of the valve cover, hook up the tach meter on the distributor side, then place it atop the valve cover on the rag, to help it not move around much, pointing its face to the carb side.
hang a drop light so you can clearly see the tach needle on the unit,
Turn in the high speed adj T-handle all the way, then back out maybe one full turn
start and warm up the engine some, then via the idle speed screw, increase the idle to approx 1800 rpm. Once there, take the lower t-handle high-speed adjustment screw, and slowly turn it out, or in some, but most likely out a bit, till the engine reaches its highest revs. That's it. reduce the idle speed, and set the idle mix screw the same way.
You can tighten up the T-handle adj screw with a wrench to maintain its position.
Sometimes, I like to drag a electric house fan out into the garage, and I place it in front of the radiator and let it blow on high, to help keep temperatures in check.
have fun,
Jay