Re: carb setting
Fuel system is pretty simple. Premixed fuel runs from quick connect fitting on lower cowling to fuel pump "in" fitting. Fuel then exits fuel pump "out" fitting and goes to carb. The third hose on the fuel pump is the pulse line from the crankcase.
Clean the sediment bowl, check the pulse line for fuel. If the pulse line has fuel, the fuel pump needs rebuild. A dealer should still have a rebuild kit.