I just took the idle jet out to .4mm (then .7mm) and tried running it again. It required the same low speed needle setting. In other words, the drilling in the carb body is controlling the idle mixture. So, you can't just pull the idle jet, you also have to remove the welch plug and drill the transition hole.
I also drilled out the idle jet on a HD-5 I had and found that there was a 'membrane' behind it. OK, what is going on here?? Both the Zama and the Walbro 'emissions' carbs have a .25mm idle jet with a membrane valve behind it. I got a feeling that this .25 jet with valve is an EPA mandate. As far as it being functional, on the Walbro with the wet side of the carb on top, the valve is always off the seat. Anyway, with it all drilled out it works just like the earlier carbs that didn't have such a jet and valve. I don't know what it is for, but the carb works fine without the jet and valve.
Whereas the Zama has a separate idle circuit from the low speed circuit that doesn't affect the low speed circuit fuel flow, the Walbro is a combined circuit. With the Walbro, if you adjust the idle with the low speed screw, you are also adjusting the WHOLE low speed circuit fuel flow.
OK, to tune the carb what I'm going to do is find a log and keep opening the low speed needle and turning in the high speed needle until I find a combination that works good. I'll have to turn the idle screw up to keep the engine running and the chain will be turning. A bit dangerous, but I'll just have to be careful.
Once I find the combination I like, then I don't touch the mixture screws - that's the setting I want for cutting. I then have to go into the carb and open up the transition hole and maybe the throttle plate to get the saw to idle. Then, I may have to look at the pre-load on the metering spring to clean up the throttle response. - Wish I had a dyno to set the carb up, it would be a lot quicker and safer.
Now about those transition holes - these sizes are as close as I can get it using my drill set to measure the holes. They should be considered approximations, close, but not exact.
On the HD-5 which is used on the 54-64cc 029-039 series the holes are .6mm for the first hole and .5 for the second.
On a 044 carb (Zama, non twin jet) for a 70cc saw the first hole is .75mm and .6mm for the second.
On the 460 carb for a 76cc saw the first hole is .6mm and the second is .65mm.
Of the three carbs the 044 is the only non-emission carb. Admittedly the configuration of the carb is different (especially the venturi), but I'm only looking at the idle circuit bleed holes so it likely has some relevance to this discussion.
Using the 044 carb as a baseline for non-emission carbs we have a .75/.6 combination - for a 70cc engine. Those are larger bleed holes than for the 460 carb at .6/.65 - on a 76cc engine. I would love to find out the size of the bleed holes on the 461 as the guys running a 460 might want to drill their carb to those specs.
Here's what's cool about putting the 460 carb on my 64cc saw, it looks like it is a perfect match .
HD-5 at .6/.5
460 at .6/.65
044 at .75/.6
The 460 bleed holes are a bit smaller than the non-emissions 044 carb for a 70cc engine, which makes the 460 carb about right for my 64cc engine.
I'll get around to testing it and dialling it in, but I expect it to be close. Here's another cool thing, I can drill out the second bleed hole on the HD-5 to .65 and it should work like the 460 carb - which means that all the guys with 039/390s could drill out their carbs and not have to buy another carb.