Between about 4800 and 5400 revs my engine seems to be knocking/pinking, or perhaps it is exhaust crackle ? It smooths out afterwards and more throttle seems to help which seems to kind of suggest a touch of lean mixture, but I already have quite rich settings and cannot really go much richer without plug fouling.
I have retarded the ignition to 2.0mm BTDC and started using premium (high octane) fuel which had made it a LOT better, but it is still noticeable. My carb needle is in the 4th position (ie one step richer than stoichiometric) and I have used a 140 main jet instead of 130. My plug colour is just on the rich side of perfect as one would expect with this arrangement. I have a morris minor air filter which is believed to be a little easier breathing than the stock one, and an aftermarket exhaust silencer (not a racing exhaust, just a generic china replacement). My squish measurement is good (1.1mm) and I am using a B7HS plug.
Any suggestions ?