Greetings
Tiztom, and don't worry about the 'life story'! TMI [too much info] is always better than not enough, in this game.

It's certain that you actually have an LM carby, as the G4 was only made for
a year or so [Correction; three years - mid 1975 to late 1978] - and that was
long before Victa brought out the first Tilt-a-Cut edger.
As far as resizing the jet goes, I'm afraid your 'guy' is full of it. Totally unnecessary - after all, we sure ain't talking about a high specific power output racebike engine here.
Like the Yam TZ350 donks my bike mech has built - 100hp @ the rear wheel!
You can download a workshop manual excerpt on the carby from this page - Section 4;
https://www.outdoorking-forum.com.au/forum/ubbthreads.php/topics/54967I don't recognise the 'small helical part' you describe - it may be a 'stripped thread artifact', caused by the self-tapper, though.