I've had guys tell me I'm TOTALLY wrong, but that doesn't explain why total strangers would show up at the track where I ran, ask for me by name, and have me tune their engines. LOTS of Traxxas engines back then.
Here's my exact post on that subject, and I still back it up.
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Setting your carb:
These directions are ONLY for an engine that has been fully broken in:
Start with the needles at factory recommended settings and make sure all your batteries are fully charged; The starter battery, if you use one, the glow ignitor and the on-board receiver battery. Make absolutely sure you have a good glow plug with a bright glow, or install a new one.
Be very precise about closing both the LSN (Low Speed Needle) and the HSN (High Speed Needle) and carefully counting the turns to factory recommended openings.
Turn the Transmitter on, then the Receiver. (Tx and Rx)
Turn the throttle trim knob on the Tx all the way down and hold the trigger to full brake when adjusting the idle screw. That way, there's no way the carb can close completely and stall the car when you hit the brakes.
Remove the air filter and look into the throat of the carburetor. You should have about a 1 to 2mm opening that looks like this:
Start the engine. If it won't start without a little throttle trim applied, that's okay for now, since it's probably a little on the rich side. Let it idle, giving it little blips on the trigger to clear out the oil till it warms up. When it's close to running temp, check the takeoff response by first using normal throttle, stopping it, and using quicker throttle as the engine starts to clear out. If you get a sluggish start, you'll need to start leaning the LSN by no more than 1/16 turn at a time, and test it several times before you lean it any more.
It should start to take off with a more instant response as you get the LSN to the proper setting. You will most likely have to compensate for the leaner LSN setting by lowering your idle adjustment.
When your idle is good, and you're getting good response off the line, your LSN is set. Just make sure you monitor your temps closely, since a too lean LSN will will raise your temp to dangerous levels.
Start running the car at higher speeds, and adjust you HSN for wide open throttle. (WOT) You will need to make slight adjustments to the HSN regularly, for changes in the ambient temperature and humidity.