Just checked the advancer, i think thats what i was looking at, under the round right side cover.
Took the magnet assembly off, and found everything under it looks clean and neat, i gave it a small squirt of lube just in case, but the motion to the right was smooth and snapped right back to place, so think thats ok.
After letting the silicone seal sit over night, and warming the bike up completely it idles at about 1100-1200. Revs up and down fairly smooth, though i think the revs are dropping a bit slowly. It no longer sticks at 4-5k.
Yesterday as i was warming up the bike i decided to check the idle set screw, and found that it was set SUPER high, and once the bike was warmed up i brought it back down to 1100-1200 or so, and thats that. I think the very high idle set screw was causing at least some of the high revs.
On another note - as i was cleaning the carbs i noticed what i believe to be the mixture set screws (i see them on the top of the carb, when looking form above?), a blat head brass screw inside a tight housing. 2 of these screws have their heads stripped (darn). I know these carbs are not synced, and my sync tool is on the way. Is there a way around the air mixture screw when syncing, or does it even have nothing to do with it?