Phase 1 - Initial Carb config and adjustment
Since I am new to this and this engine hadn't turned over in 20 years, I thought I would start out by getting as close to stock aspiration as I could. Unfortunately the exhaust was beyond repair so I started out with the stock airbox, an EMGO filter and a 4-1 Mac exhaust with a baffled muffler. To compensate for the 4-1, I put in 120 main jets and hoped for the best. No other modifications to the carbs at this time. Adjusted the valve clearance, idle screw, timing and did a carb sync all according to manual. All in all, not too bad. Seemed to run a little hot which was probably due to a lean mixture in the lower throttle ranges (no changes to the slow jets or needle height yet). It would also stall out at stop lights unless I kept a high idle (1200+).
Lesson Learned (Carb Cleaning) - The slow jets on the 77-78 PD42 carbs are pressed in and the shop manual has a note that says to not remove them. So I didn't. Well, the guys that wrote the manual were not anticipating the bike to sit for 20 years with fuel in it, so the correct thing to do is pull out those slow jets to clean them. I grabbed them with some pliers and gave them a very gentle twist until I heard a slight click (snap?) as the stem of the jet released. Then I pulled them straight out. Pretty easy procedure and only slight marring on the sides of the jets that won't affect performance.