This adjusts idle speed.
This adjusts idle mixture.
The idle mixture screws should be screwed in to a very light seat, then out. I started with 3 turns out. I adjust by ear. When the bike is warm, I accelerate hard up to about 4500 or 5000 rpm, then let off the throttle and let it engine brake. If it pops a lot, I turn the screws another 1/2 turn out and test until the popping stops. If there's no popping at 3 turns, I close it up 1/2 turn, and test again until it pops. When it starts popping a lot, I go back to the last setting before it started popping.
The idea is to get it as lean as possible, but rich enough to accelerate well.
AFTER the mixture is set and the carbs synchronized, then set the idle speed with the idle air screw. I set mine to idle around 1000 cold so that when fully hot it idles around 1200. If the idle climbs too much or the throttle lingers at high rpm (when throttle released, no load), then richen the idle mixture 1/2 turn and try it again.
Now- here's the kicker. Having done all that with the carbs and having set the valves, and replaced the points and condenser a couple of years ago, I've barely touched the carbs in 2 years. Every once in a while, I adjust the idle speed, but just me fiddling. It probably would not be necessary.