Yes, its complicated. All the adjustments only act on the fip act on the Rod but this one. It act both on the rod and it add gas and air for cold starts. For me. most importrtant is to have the air shut off at 70 to 75 degrees C. Mine is closed at 72. You uncrew the filter/muffler, put your finger over the opening, you will feel the suction that should stop as the motor warms up. The gas is then more complex. Idle gas is controlled by the center black screw and idle air is controlled by the 'big screw' near the air cleaner. Seat-of-your-pants adjustment is if the motor rpm is oscillating (going up and down) too much air -turn CW 1/2 turn at a time until it smooths out. Then check RPMs. 750? Great. >750 stop motor turn idle gas screw CCW 1 click/500 rpm. Too low, turn idle gas screw CW 1 click/500 rpm.
Now you have the idle set, 3 more step to go: full throttle, high end mild load, and low end mild load (partial throttle).
If your SL doesn't move eagerly all the way past 100 MPH, (as mine did), install an O2 sensor and get ready for a science project. You need to adjust the rod for 12 to 13 (a little rich) for max acceleration. This car will fly! Then attach the high end partial load with the white screws and then the low end partial with the black screws.
I am in the lengthy process now. its lengthy because I have the newer open lubricated pump, that gushes 400 ML of oil each time you open it to adjust the screws. I much prefer the older closed pump with the big (32 mm?) closure nut. The oil is clean and stops gushing at maybe 3/4 full. I can live with that while adjusting the pump. When you have to open the pump 5 or 6 times to go through 'too much' that's 2 liters of oil added and somehow, collected under the car as it gushes out.
Yew, some people advocate shimming the altitude sensor, but it, and the wuv work the rod through lever arms. And, the screws / governor work the rod directly. Therefore (I prefer So), the engineers intended for the primary adjustment to be made at the screws in the governor. This puts the 3D cam in the right geometric location. So the cam is the primary adjuster for power / performance. While the WUV and Altimeter move from there. If you are not on the best place on the 3D cam, the 2 gross adjustments only optimize the mixture in a narrow power band.
The governor cam looks like a cupped, out-stretched hand; sort of a concave hillside with a gradual hollow that is deeper for the lower poser and shallower, but stepper for higher power needs, The slope matches your cars mass to the motor's power and torque. My problem is a 280SEL motor pulling an SL. The cam thinks the car weighs much more than it does. So the cam is set up to deliver more gas than this car needs. The screws, mostly the white screws, set your place on the face of the hillside.
I'm working on this now. I'm close. I have the cold start and acceleration dialed in. (this motor has surprising power when the rod is sufficiently rich on WOT!) I am still working on cruise economy vs partial load. My motor runs a little too rich cruising at 70 mph / 3500 RPM. So I am hoping I can find a sweet spot where the governor backs the gas off when I'm just cruising with minimal load.