Hi Bill,
Here's what I think and it's based on my last dyno which gave me some great numbers and in particular the ones that count ie Torque at 54 footpounds.
Now whilst some pooh pooh dyno figures and to some extent there are certain arguements that back up these, on the whole I believe a dyno done by a properly qualified operator by the latest machines will give an accurate reading on a bikes performance.
So given my dyno was done with SS pipes, which many will agree are virtually identical to Bubs, the settings I had at the time (and btw still have with staintunes) are:
150 mains ( I agree 160's are too rich), 45 pilot jets, and I think this is really important, and whilst many don't like shims I had one on the stock needles.
That's it. Nothing out of the ordinary really but for me, great response across the entire band which feels right, and bum dynos as we all agree don't lie.

As far as adjusting your pilot screws, well each bike is different and many times each carby is slightly different from each other also. So, to adjust them just takes time and getting a feel for when it's right. If you want to pm me on how I believe it can be done successfully, I'll be only too willing to discuss.
Finally, good tuning is best done with clean air filters and don't forget about synchronising the carbs also.
Good luck mate and btw, I've pm'd Phil (bonnyusa) about trying to increase the size of the dyno printout and the table.
cheers
Staffo