Hi Chaps,
A more positive update on the jetting issues today

Using Double-Diamond's (Matt's) excellent troubleshooting guide, I checked for air leaks around the carb/manifold and found that in my haste & excitement when fitting the engine to the frame for the first time, I had used one of the old manifold gaskets that came with the bike and it had seen better days. So I replaced this, checked the manifold itself to ensure it was level and clean and put a smear of high-temperature sealant on each of faces of the two gaskets and 'insulator' that make up the manifold sandwich. I also used PTFE tape on the manifold stub to help ensure a good carb seal.
This did seem to help produce slightly better compression and I duly set about methodically working my way down from the .45 jet supplied and at each stage starting with 1 1/4 turns out for the mixture and four turns out for the idle speed screw. I experimented by carefully adjusting the mixture each way and seeing if the engine appeared to try and fire better/worse. At the larger sizes, ANY use of the choke just seemed to kill any enthusiasm on the part of the engine to even try and fire. Plug inspection seemed to agree that the mixture was too rich.
Ultimately, I managed to get the bike fired and idling well using a 0.30 jet, 1 1/2 turns out on the mixture screw, the idle speed set to about 4 turns out and the needle itself on the highest notch e.g. leanest position. Incidentally, the position of the latter had almost as big effect on the bike's attempts to start as playing with the mixture. If I left the slide at the very bottom of it's travel, which logic told me should result in the highest speed of airflow through the venturi, I got next to no compression. As I screwed the speed screw in, there came a definite point where compression was re-established and the bike made some attempt at firing.
So I went with my gut and what the engine appeared to be telling me and slowly arrived at the settings above. It actually transpires that I also need to give the bike at least 1/4 throttle when kicking it over, but with these settings it now fires pretty much first kick every time and eventually settles down to an even idle. However, it starts without ANY choke, so I think that I'm going to have to reduce the choke jet size significantly from the current .70.
The throttle response was good at rest e.g. not hanging when released and seeming to pick up Ok, so I went for a test ride. However, I seem to be back at pretty much the same point as I was with the old MB22B now e.g. the bike will pull away on the level at 1/4 throttle fine, but if there is an incline and you give it any more, it starts juddering and surging. Wacking open the throttle wide seems to produce a slightly better result temporarily, but the surging soon comes back, almost as if the bike is running out of fuel and only reduces if you close the throttle to 1/4 or below again.
From the information that Double-Diamond supplied, together with other symptoms found elsewhere on the internet, am I correct in thinking that I'm going to have to reduce the needle jet size down a size or two, from the 268k to something like a 266k or 264k? If I'm understanding things correctly, then I believe this will help lean out the starting circuit further and together with a smaller choke jet, will give a more correct setting for this region of the setup and allow me to use the choke from cold.?
To address the surging and juddering from 1/4 throttle onwards, am I right in thinking that with the smaller needle jet to aid the starting, that I will then be able to raise the needle position to provide more fuel for the mid-range?
Any further advice from those more experienced than this tuning novice, would be much appreciated to give me some more confidence in my diagnosis. I don't mind buying replacement jets, but as you can appreciate although the idle jets are relatively cheap, the cost of the rest of them is significantly more and I don't want to waste money for the sake of it, especially as I've just shelled out for a new carb
Still, we're getting there!
Thanks,
Jason.