If the needle bounces 1.5 then worn valve guides
Don’t know anything about those really. Is there anything I can do to look further?
A good starting point with the mixture screws most times is 1.5 turns from lightly seated. Either with propane or a vacuum gauge 1/4 turn either way will be the setting. If the timing or dwell is not set right or a worn out distributor or an internal engine problem you will be wasting your time. If you use a vacuum gauge to set the carburetor while idling in the water the readings will be different than on land because of the back pressure of the water.
yes, 2-1/8 turns out would be too much. that would indicate that one side may be plugged.
are the bypass slots even on both sides of the throttle plates?
your other thread would indicate that you have gunk in your primary bowl (stuck accelerator pump)