It is a air bleed adjustment screw used to adjust the amount of air mixed with the fuel metered by your pilot jet. Your pilot jet sizes are nowhere near what I use but your carb may use different jets than mine. I have 5 mini bikes that use those carbs from hs50’s to predators. The main jets range from 120 on the hs50 to 130 on the clones. Pilots are the stock 15.