that sounds like a good starting point, also adjust your choke from the position it is at it looks like you have it all the way lean so it goes off almost immediately. loosen the three housing screws and turn it clockwise maybe to about one or two notches before the last. this way your choke would be closed longer and help you with cold starts. also remember once you turn the key to on it starts heating the choke wire up so dont leave the key on the on position before you actually start it.
Also did you ever get your valves adjusted right? this might be contributing to the problem as well
Also did you ever get your valves adjusted right? this might be contributing to the problem as well