Stock air box yes with uni foam filter.... I have the same bike as the video minus the pod filters... Isn't 3rd notch from the top stock needle position?
Answer...no 4th position down from the top is stock on the 1976.
Also the idle jet on the 1976 CB550 K was #40 not 38. See chart below.
Gets confusing.
Anyway the bike in the video is not running right at all.
Clarification : The idle jets are dependent on the model n0# of the carb.
The 1976K 087A 22mm float 100 main 38 idle 4th notch.
The 1976K 657B & 086A 26mm float 105 main 40 idle 4th notch.
1975-77 CB550F 069A 22float 98 main 38idle 2nd notch.
74-75 CB550K 022A 22float 100 main 38 idle 4th notch.
You have to know which carbs are being worked on.