Re: adjust carb?
You may be flooding, but as all good techs do, make sure ignition system is all good. Full tuneup (points, condensor, plugs, wires, cap, rotor, and coil all must be within spec) first, then you can mess with the rochester.
If everything else is good, check choke for proper operation.
If choke is good, look to see if fuel is dripping into barrel of carb when it is idling.
If so:
a) Float is out of adjustment.
b) Float is too heavy (possibly cracked/absorbed fuel)
c) Needle valve is worn
To fix these, I recommend a complete carb rebuild.
If no drips, then adjust mixture as the Merc manual #10 says (see adults only sticky).