I’m going through a similar situation with ICTs at the moment. 1600sp with Weber ICTs, car runs great with lots of power but has always seemed rich with sooty plugs and black exhaust pipes. I started out with 60 idles, 135 Mains which is how they came jetted by CB Performance for this application, at which performance was great but mileage was not what it should be. I also switched to F6 emulsion tubes and 170 airs. Really happy with the performance of this little engine but not convinced I have it tuned quite properly just yet.
• 1600 singleport
• Mostly stock but with Engle 100 cam and full flowed.
• Bosch 019 (centrifugal advance) distributor
• Stock mechanical fuel pump with Holley fuel pressure regulator (set to 3.5psi)
• Weber 34 ICTs were OEM new (Spanish)
• CB Performance SP manifolds
• Floats carefully set at 6.5mm
• I have a balance tube between the manifolds
• Driven primarily at sea-level.
• Vintage Speed exhaust
• Twin oil bath air filters
I thought the 60 idle might be a bit big resulting in poor fuel economy so have experimented with 55 and 52 idles which have actually carbon fouled plugs within a week to the extent that it would misfire terribly and barely run. Had to keep fitting new plugs (which in twin-carbed ’65 engine bay is no fun whatsoever).
My current hypothesis is that with these carbs the smaller idle jet sizes wouldn’t allow the engine to idle at all unless the idle speed screw is turned in more than it should be (1.5 to 2 turns max.), possibly exposing the progression holes and allowing fuel to be dumped in uncontrolled at idle. It’s counterintuitive, but a larger idle jet will let the idle circuit operate as it should without requiring the idle speed screw be turned in quite so far to get a steady idle. I suspect the 60 idle jet is still a little big as my mixture screws are at only one half to one full turn out from seated. I have some 57.5 idle jets coming next which I hope will be just about right.
Once I get the idling sorted out I’m going to put an AFR gauge on it and see what it’s doing under other conditions…
To the OP, your 40 idle jet sounds really small, check how many turns in on the idle speed screw are required to allow it to idle at all.