Did you let the engine warm up all the way before trying to ride it? Does it bog when you're on the bike or does it also bog with no load on the engine?
Will the engine rev better with the choke (enrichment knob) pulled on than with the choke off? the chokes on these carbs doesn't restrict airflow, but has a 3rd circuit that feeds the extra fuel needed for cold starts (some engines need to be warmed up pretty good before they'll rev).
Try this... Start the engine and let it warm up pretty good and see if it can rev... try it with the choke off, then try it with the choke on and see if it gets better. If it gets better with the choke on then you're definitely too lean and you can adjust the idle mix screw out a little more and see if it clears up, don't trust the factory recommendations here... there's a few ways to get your idle mix where it's supposed to be.
1. with engine warmed up and idling, turn the idle mix screw in until you hear it start to stumble, then turn it out the other way counting the turns until it stumbles on the rich side, now turn it in half the number of turns and you're set.
2. Same thing, engine warmed up and at idle, hook up a vacuum gauge and set it to max vacuum and you're set.
3. use a wideband o2 sensor and gauge, set your idle ratio to 12:1 - 14.7:1, listen for the best idle quality in between those numbers.
Method 3 is most accurate, and method 1 is least accurate, but still works... I recommend method 2 unless you can shell out $200 for a wideband setup as vacuum goes up as the air fuel ratio gets better. A vacuum gauge setup is pretty cheap and a really good tuning tool, a wideband is better but costs about 10 times more.
Your idle circuit stays in play on these type carbs for idle and low rpm cruising, then the main circuit gradually takes over while the idle circuit stays running so adjust your idle mixture first, then test it out and see if the problem went away.
If you still have bogging issues it's time to set the needle to the next higher position by removing it from the throttle slide and putting the E-clip one notch lower, reassemble and try again, between the proper idle mixture and the needle raised it should accelerate, but you may need to use the bottom notch on your needle.
The main jet only takes over at full throttle and if it's too small the engine will also bog or pop, spit, and maybe even backfire when reving the engine, you'll need to get a few different jets and go up a size and try it, then repeat until it's running right, accelerating clean with no bogging. If you go too rich you'll know by either a puff of black smoke when you gun it or a stumble then it clears up and accelerates.
Basically too rich and you'll feel it hesitate or stumble then accelerate, too lean and it'll bog or accelerate sluggishly. You can also get some cheap spark plugs and do some throttle chops to check what your mixture is doing by warming up the engine, get up to cruise speed and kill the engine rolling to a stop, pull the plug and put in a new plug (this is why I said cheap) the plug should be a light tan color, too dark= too rich, and too light= too lean. Repeat this at full throttle doing the same.
See if that helps, if not, let me know...