Check the nozzel of the carb, the screw in long jet, brass pipe that is screwed into the same hole that the bowl nut is screwed into. The nozzel infuses the fuel with air before it reaches the venturie of the carb. If the nozzel's very small air holes are plugged fuel will bubble out of the jet rather than spray (causing it to run lean, lope or hunt).
Be very carefull when you unscrew the nozzel, the brass takes a fat bladed screwdriver, that is narrow enough to get into the hole without tearing up the threads. The nozzel is brass so it strips easily compared to a real steel jet or screw. I have a special screwdriver that is short and ground down to do the job on the engine, you may wnat to make one for yourself. Grinding a screw driver is cheaper that buying a $20 nozzel.
Good luck,
Friiy
Let us know what happens, post pictures.