Original timing on a 470 was 8 degrees btdc, but that was changed to 4 degrees btdc after they had some problems with the poorer quality modern gas ( if you can't get it to run smoothly at 4 you might move it bit to 5 or 6 if that helps). Run 89 or 91 non ethanol gas if you can get it. If you still have points in the distributor you need to set the dwell, as well as the timing. BTW a 470 does not have a harmonic balancer it has a ROTOR, yeah I know Picky Picky but you should get the nomenclature correct. Once you get the timing and dwell correct you can address the carb., the idle screw should affect the idle and not higher RPM. Turn the idle screw all the way in and then out 1 1/2 turns. See if you can get it idle at 650-700 RPM, using the idle stop screw. Turn the idle screw in till it sterts to stumble, then out until it starts to stumble again, then turn it in until it is running smoothly. Then leave it there. If you are still having problems with acceleration, it is probably some other part of the catb.