That carburetor is fully adjustable under those limiter caps. They are meant as a deterrent. They are pretty much a PITA to remove - I ended up pulling out that small aluminum surround that is pressed in and set in place. The needles are threaded thru nylon - just like a nylock nut - so don't worry about them backing out on you. On this carb, factory adjustment is 3 FULL TURNS out on both the low and high-speed needles - just make a note as most every other carburetor on a saw is 1 to 1-1/4 turns out.
Best thing you can do is hunt around for a Walbro HDA123 carb - those were the PRE-EPA standard issue on the 757.
Congrats on buying a great saw. Open the muffler up a LOT, put a set of double spikes on it, a 20" bar and a 8-pin sprocket and you will have a great machine ready to take on the hardwoods!