I wouldn't say you could move it in or out (mixture screw) without much difference. As I recall, it speeds up as you move it in (more air) until you get it right in, then it just stays the same as just before you reached the end.
It isn't really smoking now, just a balck haze really, and if you increase the throttle a bit, there isn't even the hze. If you tweak the throttle from full off, you get a bit more smoke, then it quits, sort of like blowing smoke rings.
It is a slide type of carburetor, not a CV. There are two versions made by Dell'Orto, one has an air enrichment toward the air intake, the other has a mixture screw toward the manifold, mine is this latter type.
I did run it up a bit more yesterday, leaving it in second up to about 40 km/hr, then in third up to over 60 km/hr. I really can't complain at all about the way the bike is running, in fact I wisdh it would always run this well (never wear out!).
And now it is really idling nicely, very slow without any pause, just thump, thump, thump. Like that. I'm thinking just to make sure I blow it out each time I ride by giving it some good revs, sort of blow any accumulation out, but the thing is, apparently the idle stage and the main pilot stage, before 1/4 th throttle sort of work together, and since throttle response is so smooth, I might be loath to put in a smaller idle jet.
Did some more adjusting of a general nature, I'm becoming sort of a gentleman mechanic - not a serious one yet. Just polish, then tweak and dither around.