"When you set the timing to 8
"When you set the timing to 8 deg. BTDC, did you check it AFTER you tightened the hold down bracket? Tightening the bolt can throw the timing off.
I set the timing off by about 1/4 degree and let the bolt tightening make the 1/4 deg. change to 8 deg. BTDC. To help you keep the dist. on the 8 deg. mark, set it and scribe it for reference. You can also use a peice of tape with a dark straight line drawn on it and place it on the shaft and manifold. Now take a razor knife and cut it across the line. The two pieces are your alignment marks to hold when tightening the bolt.
With the engine at operating temp. when you adjusted the carb., did you start (engine off) by turning the screw inward until it just touches the seat and then back it out 1.5 - to 2.0 turns to start? Now with the engine idling at the proper RPM, SLOWLY move the mixture screw out until the engine started to stumble, make a mental note of the position, then SLOWLY move the screw in the opposite direction until it stumbles, make a mental note of it, then back the screw to the position that is between the two points? A Merc. carb single screw is not easy to detect the exact moment it starts to stumble so it takes some focus. If you have a vacuum gauge and can find a port on the manifold, it will help detect when the RPM stumbles by the needle fluctuation.
Guy"