'77 550K's should have Keihin type PD's; X46A set-up carbs on them. If so, they have pilot screws as opposed to air screws. This means you're adjusting the amount of aerated fuel delivered (as opposed to the amount of air-only in the older models). Soooooo, that means you turn the screw counter-clockwise ~more fuel~ to enrichen the mix (as opposed to air screws where you turn clockwise ~less air~ to enrichen the mix).
Less convoluted answer: pilot screws are turned counter-clockwise to enrichen the mix. Factory setting was 2 turns from snug.