I guess you must have a 77 or 78 model bike.
These carbs were Hondas first production offerings geared toward satifying EPA's upcoming emmission standards. The pilot jet adjust was to get the idle mixtures as lean as possible so the EPA's hydrocarbon sniffer wouldn't go into the red during the idle/low speed tests.
If you have them set too lean, the bike's off-idle response will be hesitant (with the 550 anyway, I don't know for sure if it's a 750, cause they have accelerator pumps.) If you have them set too rich then the plugs will get sooty build up comensurate with just how rich the setting is and how prolonged the idle speed persists.
Then there are the risks you are taking with that roving- EPA-exhaust sniffer-nazi-type-guy...
(If you are jovially impaired, note this last part is a joke. okay?)
Cheers,