That is good news.... Did you test the original plug too?
I looked at my settings, and the low speed screw "L" was set as far anti clockwise as if could be with the limiter caps. Oddly and I have no idea why, but my "H" screw is capped over, and I can't turn it.
I can remove the limiter, but the saw runs about right IMO.
My saw smokes on first start too. Yesterday it really smoked as the safety kleen was burning off.
Today i went and bought a box of files for the cutters, one file for the rakers, more mix oil, and 2 new chains.
When I got back I re-filed the chain on both the cutters and the rakers.
The owner before me used a file but not very well. All the cutters were at odd and different lengths.All the rakers had never been filed down once.
I didn't even bother to try cutting anything before I fixed that.
This tip that I am now going to give you on hand filing took me years to discover. if you do this it will get you a better filing done from day 1.
Before you cut much of anything at all, go look at the cutters and lay a flat file across as many as the file is long, and look at the rakers. They will be pretty high.
With a new chain you may as well run the rakers that high I guess, but make a good mental picture of the way a new chain is.
Then when the cutters become dull and you find you need to force the saw into wood, stop and sharpen the cutters. let the saw do the work.
The thing that is hard to do is file one set of cutters, unless you happen to be ambidexterous. If you are the rest is a waste of time. If you aren't read on.
I file right handed and steady the file with my left hand. With out filing any go see the angles you must hold and on will be harder to do.
That harder side is the side I file first and to do it I clamp the saw upside in a vise, which just made it easy.
As I was saying my new to me used saw was poorly filed, and that guy had no idea that placing the saw upside and doing the harder side first was the thing to do.
All these cutters were far longer than the side he could file better.
So my first filings were about 12 strokes to even up the off side cutters. Then I flipped the saw over right side up and filed about 3 stokes on each cutter, which made them all about even. Common wrenches can be used as gauges. Find the smallest cutter and a wrench that just clears it and use that wrench to match all the rest of the cutters. This isn't exact work this way, but it is good enough for Govt work.
Some guys use a set of digital calipers and I just don't think that makes all that much difference.
With that done I took each raker down 12 file strokes, flipping the say once more for the off side, which reverses filing rakers. That made this saw eat wood.
Last.. which should have been first is to paint one cutter to know where you are. Lots of guys hunt for the doubled cutters, but I consider that a waste of time.