Object is to get the motor running low and slow. Get more water in that barrel, and stop revving it. Need to start over on the low speed needle (#2 above, and others have it right. iBoats Stickies too.)
I wouldn't do anything to it at the moment, and sort of hope you just continue a single thread on it (but good youTube) -- facts already discussed on that motor are important (was professionally worked on a year ago, although not sure extent is completely clear -- not a rebuild, I think. Would be important to know if it was, as there is a break-in). Think you should be able to dial that motor in as it is. I would not use seafoam or anything else, just run it on a clean mix (MO). No leaner than 50:1, and I would start with 24:1.
AOMCI holds contests that reward the slowest running motors. Slow. Can do that in a barrel. Might set the tank on a stool or something, in case the fuel pump is struggling.
(agree with all the advice -- OK, most of it. think a lot of ground was covered by the shop a year ago, and earlier posts here.)
edit....
