Carbs only have one adjusting screw, for idle mixture. Turn in for lean, out for richer mixture. The top of the distributor should have three adjustment screws. They are max spark advance, Idle stop and throttle stop. the throttle cable should push the throttle closed against the idle stop screw. The idle stop screw is set to control idle RPM.
There is a brass collar about 1/2 way up on distributor. It had fingers that open the top carb. It has two bolts (5/16" wrench), that allow the collar to turn relative to the distributor to set idle timing.
So to time that motor:
Normally you remove sparkplugs 2,3,4 and ground them. Now put timing light on sparkplug 1. Crank motor and read timing. Advance throttle until ign timing is 4-6* BTDC. Now loosen bolts on distributor collar and turn collar so carbs are closed, but ready to open.
Now advance throttle to max. Crank motor and read timing. Adjust max spark advance screw (and throttle stop if necessary) until max timing is 21*BTDC. Adjust throttle stop screw so carbs open fully, but don't force them open against the stop with the throttle.
Install all spark plugs. Set carb mixture screws 1-1/2 turns open. Take the boat to the lake. Warm her up and at idle in gear, adjust carb mixtures for reasonable idle and smooth acceleration. You will likely need to set the carbs to about 2 turns open, but it is trial and error. Set idle speed to 850 or so, in neutral and adjust throttle cable to add some preload to throttle.