I've got the 11k carb on it because I was having some of the same problems tuning it with the stock carb. I barely had to adjust the OS carb. It started on factory settings, idled under 200°F, and then I only had to slightly lean both needles to get it in the sweet spot + a little rich.
If you've got smoke coming out pretty steadily at idle, it sounds like the low speed is a bit too rich & the idle a little too high. There should always be a little smoke visible, but it should only be thick "clouds" when you hit full throttle. If it's already puttering out smoke & very laggy when you hit the throttle, the low speed needle might be too rich.
All these issues may have you going in circles if the stock carb just isn't going to perform at the same level. I think it's not just about high/low/idle needle settings, but the carb's ability to deliver a consistent fuel sir mixture at low throttle settings.
Imagine a can of spray paint. Even the cheap brands will work pretty well when you press the button all the way down, but will start to sputter and produce a blobby result if you only hold the button down halfway. The OS carb is like an airbrush that can produce a fine, smooth spray all the way down to its lowest flow rates, so you can achieve an idle that just isn't available on the stock carb
Edit: here's mine installed, it think it looks like it was always meant to be:
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