first thing i'd do is set everything back to the factory settings. they're listed in the booklet that you got with your truck. once you've done that, start with your low speed needle. depending on it's performance after a few short runs you'll want to lean it or richen it. if it's bogging down right off the line then lean it a bit, when i say a bit i mean a small amount, 1/16th of a turn. the lsn is sensitive so take your time and make very small adjustments. after each adjustment run it for a few minutes to see what the change effected and always make sure you're getting a good amount of smoke out of the pipe. no consistent smoke or almost none at all means it's too lean and you'll be in trouble if you continue to run it that way. after tuning the lsn, do the same for the high speed needle. small adjustments until you've got it going well and it isn't too lean.
as for the oil on the fly wheel, my first guess would be that you may have a leak some where near your carborator. make sure your air filter is sitting on the carb opening properly and then check to make sure the nut that holds the carb tight on the engine block isn't loose. if it is, then take your airfilter off and loosen the nut a little bit more. put your thumb on the carb opening and push down with some pressure, not a ton, but enough. tighten the nut while you're holding the carb down with your thumb.
for more tuning help there are a ton of links on the web to check out as well as on this forum. search for them if problems persist. good luck and hope some if not all of the above helps...