Sorry to resurrect an old post, but I've also got myself confused about which of the carb screws is which. My Haynes manual calls them the "Pilot Screw" and the "Bypass Air Screw", but the diagram in there is not clear either about which one is which.
I'd always thought the bigger one (topmost left) was the pilot screw, and the smaller one (lower right) was the bypass air screw. But having just fudged things up following the method in Haynes to adjust things I'm not so sure, and to make things worse the smaller brass adjuster has partially disintegrated on me and won't now unscrew so I can replace it

For reference, here's how how Haynes says to adjust it (paraphrased to avoid getting hassled by copyright bods):
Ensure engine is warm
Unscrew the pilot screw by 3 turns
Start engine and adjust bypass air screw until engine runs smoothly
Slowly screw in pilot screw until idle spped is highest, then back it off by a quarter turn.
If required, reduce the idle speed by backing off the bypass air screw to get 1200rpm.
With things in good condition pilot screw should be 2.5 turns out and bypass air screw 4 turn out.
Will annyoingly have to buy a new carb for mine now i've broken the smaller adjuster, but would be nice to be sure which screw is which!