Incorrect Timing Adjustment causing heat issues?

I am used to targeting it for emissions fuel economy and enriching it for power with fuel maps for fuel injected cars. Is their the same no but out of the box any carb at 4500 ft elevation is going to be rich
Carter carbs have a stepped rods that change the effective jet size due to various vacuum and throttle positions.

Compared to EFI it is from the stone ages, but it worked fine for 100 years.

A little rich is better than a little lean IMHO