I just did mine on my TR4 a few weeks ago and was able to dial it in pretty well.
Make sure you have your timing set properly as well as the air intake of both carbs properly in-sync before trying to get the mixture right.
I started out with a pretty rich mixture to get it started without using the choke and then waited until the engine was up to operating temp. I then shut the motor off and ran the jet screws all the way up making it completely lean and then back out 2 full turns per the manual so for me that was a good starting point.
I started the the engine back up and with the air cleaners off and the jet lever connecting rod detached. There is a small lifting pin under and to the front right of each of your dashpots. I pressed up on this pin to see which way the idle changed. If it goes up and stays up, you're too rich, if the idle goes down, too lean. I then used this method, turning one flat per time I pressed the lifting pin up until the idle went up just a bit and then back down resulting in a nice even exhaust note with minimal black exhaust.
Once you get the mixture dialed in you may need to adjust your idle set screws one more time. After you've driven a bit, check your spark plugs and see if they indicate a rich or lean mixture.
I actually bought a color tune kit, but found that by using the above method I was able to tune my carbs quicker and more balanced than with the color tune, maybe b/c I suffer from a bit of color blindness
Good Luck!!!