The L and H are the low and high end jets. They control the amount of gas allowed to flow at low and high speeds. To check these, GENTLY turn them all the way in, counting the turns. Start with the high end (H). It should be about 1 1/4-1 1/2 turns out. Further out is richer, closing it down is leaner. Put it back where it was before you started, keeping in mind if it may be lean or rich. Then check the low end, putting it back where it was but keeping in mind if it was lean or rich.
Start the saw and let it warm up a minute. While running it full throttle (a vise is helpful for this, so you don't have a full speed chainsaw flailing around), Adjust the high end for highest RPM's, then keep richening it up (counter-clockwise) until it just starts to '4-cycle', or gurgle a tad. This should be fairly close to 1 1/4-1 1/2 turns out.
Let the saw idle. If it won't idle, set the screw at your basic starting point (1 1/4-1 1/2 turns). When you can get it to idle (you may need to turn up the idle set screw a tad temporarily), pull the throttle. The saw should accelerate without bogging. If it bogs, it is too rich or too lean. Heavy exhaust smoke indicates too rich. Adjust untill the saw accelerates from idle without bogging.
Re-set you idle screw down until the chain does not spin at an idle. Re-check the low end setting by pulling the throttle and listening.
A lot of this is 'feel', knowing what a properly running saw should sound like and figuring out which way to adjust to make it right.