Turn your low-speed needle back in a half turn - it's flooding now. You can get rid of the restrictor caps but sometimes the cap holds the tension spring in place. Just modify the caps for a full range of movement. Add a couple ounces of Marvel Mystery Oil to the fuel and keep running it a little every day - the carb might get cleaner and it may run better.

This is lawnmowers. Try tools

I have an eager beaver but never got a maunal, the choke control is difficult, being either full on or off, has to be held at half way position, with mine if it wont start the problem has never been a wet plug so dont worry about overchoking it on mine the chain tightens as it gets hot which shouldnt happen but does, so check the chain tension often, its better a bit loose other than that its not a bad little saw, is lasting well, I heard that the drive sproket should be renewed often but maybe this was to keep the lawyers happy inside it clogs up quickly with a mixture of chain oil and sawdust that can eventually block the carby air intake

Thanks, I forgot to check the email notification when I made this post. I find a tool on ebayhttp://www.ebay.com/itm/Homelite-308535001-Single-D-Carburetor-Adjustment-Tool-/170724562662?pt=LH_DefaultDomain_0amp;hash=item27bffa16e6 for about $7 which may be what is needed. I will again check the muffler screen, that is easy to do. I think last check I pulled the screen out of the muffler and could see through it, so assumed that was clean enough. This Homelite, only about 5 years old from Home Depot, doesn't seem to have a chain brake. I assume those are required on all saws sold in the USA these days...but not just 5 years ago? I think the saw was also called the Homelite Bandit. I mention as a stuck on brake can cause starting problems if the idle is too high. I had this saw running again today and sawed a couple of chunks off of some stumps I'm trying to get down to stump grinder size. The saw was under sized in that the chain was just long enough to stick out about 1" on the opposite side. So as the cut worked down the friction was enough to make it necessary for the saw to be running real well, it is not, or maybe I simply need a more powerful bigger saw, e.g., my Sears 16", but it too is having starting problems, in this case it may be the chain brake, I'll check to be sure it is tripped on.