AFAIK, there is no "fast idle" circuit on our old-style choked carbs, so you have to give them throttle during starting and to keep them running after they start. At least I have to when I start mine. I use full choke briefly to get it to fire, then immediately back off a bit to keep it running. Within 20 seconds or so, I can back off the choke completely although it won't idle reliably for another minute or two. These things are a world apart from a modern computer-controlled FI system on car.
On the hanging idle problem there can be a lot of causes: intake leaks, throttle hangup issues, severe carb missync, mis-adjusted carb slides, etc. I'd start by making sure you have throttle cable free play and that there is nothing physically preventing the carb linkages from lowering the sildes all the way. If your intake boots are in bad shape, I'd just replace them - any 35-yo bike probably needs new ones.
On mine I was having the problem and replacing boots didn't help it, but I'm still glad I put new ones on. What it ended up being was that some previous ham-fisted mechanic had adjusted the slide rods way too high in the linkage - the service manual has a spec for the clearance between the top of the carb and the bottom of the linkage. Mine were way out of spec. Adjusted them all down to spec and I regained idle control with the throttle stop screw. Had to re-sync afterwards, of course.
- Mark