The slow-speed adjusting screw works only at slow rpms, when the throttle valve is almost closed. After that, it has no effect in the operation. In other words, at say 2000 rpms, no matter what the setup was, it won't affect the performance.
What I typically have done, after my timing is setup properly, is to adjust the rpms to around 500 with the
throttle adjusting screw. Then I start turning in the
slow-speed adjusting screw, until the engine starts to hesitate a bit. At this point I dial back about 1/2 to 3/4 of a turn, and call it good. You have to recheck the idle rpms again for fine tuning, and that's it.
I'm with RiverPatrol that you might need a rebuilding, or cleaning. Your slow air jet might be clogged. This carburetor is extremely smooth.
Take a look at the pictures in this topic:
http://www.60patrol.com/forum/viewtopic.php?f=4&t=2560
On the right there's the VC-42 carb. The
slow-speed adjusting screw is the one close to the bottom.
Good luck