The PHF32 has an accelerator pump installed on the rear of the carb body. It’s activated by a ramp on the slide that pushes on a plastic lever that pivots on a pin held in the top cap. This lever in turn pushes on a diaphragm in the accelerator pump assembly. Every time you lift the carb slide, the pump squirts fuel into the intake tract. This may account for the rich condition you have observed. To get your carb tuned where it will run without fuel fouling the plug, remove the lever that activates the pump. The engine will run fine without it. Does the carb have a lever operated starting circuit or cable operated? If it’s a cable, make sure the starting circuit piston closes all the way when in the “off” position. Also, PHF Dellortos have a selection of starting circuit jets available for tuning the amount of fuel that is metered when the enrichment circuit is open. You may have a starting circuit jet that’s too large if it’s drenching the plug with the circuit open. The float arm should be level with the gasket surface of the carb body when the fuel valve closes. Position the carb body horizontally when you check this so the weight of the float doesn’t compress the spring in the needle valve. Then, hold the carb upright with the fuel line attached and the bowl off. Open the fuel tap. Gas should flow from the fuel valve. Push up on the float, fuel flow should stop.
Dellorto UK has a good exploded drawing of the PHF:
http://www.dellorto.co.uk/product-categ ... phf-parts/ (then click “view diagram”)
and suggested standard jetting: "Standard Jetting 507Slide K9Needle 260AB Atomiser 125 Main jet 63Idle jet BF1Idle emulsion tube 35 Pump jet 65Choke jet 250Float valve 7450.1 Floats – 8.5 grams"
Hope this helps.
Matt