Yeah, all good advice. It probably is an air leak and as MrClean said, they can be anywhere. It sounds as if you’ve been running the truck without checking temp for a while. I assume the engine is broken in properly. The bogging you mention can be the result of either too lean a mix or too rich. Without hearing it first hand, it’s hard to say which is the case, but if you don't know the difference, I’d probably try backing the high end out another turn or more and start way on the rich side. I assume you’re running the original (nitrostar) engine, which should run ok at a very rich setting.
Air leak wise, besides your carb base, backplate, front engine bearing, head, fuel lines, and tank, check to make sure the o-rings on your needles aren’t shredded. The threads in the needle valve can tear the o-rings up if you’re tuning a lot.
But first check your fuel tank, lines, and the seal on the lid. It’s easy to do and won’t cost you a dime. I’ve had several Savage fuel tanks crack when the shock tower flexes during a tumble and shoves the shock bolt into the tank. Remove your tank and (with no fuel in it!) plug the line that goes to your carb and blow into the line that goes to your pipe. If air leaks, that’s a good place to start.
You can also check your header to engine seal. If it’s torn or the header isn’t sealing to the engine properly, the tank won’t be sufficiently pressurized and can cause a lean condition. If you plug the exaust pipe with your finger (it's gonna be hot) and your engine doesn't stop, your header probably isn't sealing properly.
The obvious one is; make sure there’s sufficient airflow around the head. You can try running with no body to see if more air flow helps.
If you do wind up sealing your carb and/or backplate (I always do), make sure to use a good quality, “sensor safe” high temp rtv silicone. Make sure not to use too much, apply a thin layer to the carb and to the backplate, not to the engine. This way, you’re less likely to push the silicone into your engine. And let it cure for 24 hours before putting any fuel to it.
You can also try a different plug. Most nitro engines like to run high on the advanced side so you might try a medium/hot plug like an os8 or an a3. On the other hand, running too far advanced can cause your engine to run hot also. Without knowing what plug and fuel (percentage) you’re running and what condition your motor is in (compression), it’s hard to advise on that.
Beyond an air leak you might also try gearing your truck down. If your gearing is too tall it can make your engine run hot, especially off road. If it’s a Savage X it should have come with a 15 and a 17 tooth clutch bell. Try running the 15 if you aren’t already. While you’re at it, check your gear mesh, too tight a mesh can cause overheating as well.
This is one of those situations where everyone is wishing they had their hands on that truck! They’d have it running great in no time! Hope this helps to get you pointed in the right direction. Good luck!