OK last question first..
The oil is there to damp the upward movement of the piston when you open the throttle. This richens the mixture for a moment, sort of like an accelerator pump does in other carbs.
You should fill just to top of piston rod....
How easy should it move? You want
some restriction, but IMO 20W/50 is a bit too thick, particularly in Winter.
I've now put some 3-in-one oil into Barney's twin HS4s, we'll see how that goes.
ATF is also very popular.
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DrMini- 1970 wasaMatic 1360, Mk1S crank, 86.6HP (ATW) =~125 @ crank, 45 Dellorto (38 chokes), RE282 sprint cam, 1.5 rockers, 11.0:1 C/R.
