One thing I've noticed from reading different forum postings on this subject is that it helps if people understand exactly what it is they are trying to accomplish and why. There is for some reason much confusion or misunderstanding. The idle mixture screws are just the final trimming or "cut" of the otherwise fixed idle air fuel circuit. Hardly any air flows through a carburetor at idle, so engine manifold vacuum is utilized through a special circuit.
Consequently ignition timing - which affects the amount of engine manifold vacuum - has an affect on the end idle mixture setting. In other words anytime you make changes in the ignition timing, the correct idle air mixture setting will change. Float height too will affect the fuel level in the bowl, which will change idle fuel mixture (and possibly jetting) as well.
It has a direct effect on how the engine behaves just off idle and the transition, which is where any street driven motor spends a lot of time. At the same time a lot of people seem to get this adjustment wrong for whatever reason.
The procedure itself is right in every manual or carburetor instruction sheet on the planet and has been for years, but. Keep in mind this "1.5 turns out" business is the starting point or a temporary bench setting, but it's not the end point. I see this over and over. "I have them set about 2 turns out and it runs like crap".
Each engine is different, if they were all set the same they wouldn't need the adjustment to begin with and the carmakers would have saved themselves .50c on each unit on the screws. All this initial setting does is ensure that the idle mixture is on the high side, extremely rich - and enough so that the engine will always at least start and idle, and can then be tuned to the best adjustment for that particular engine. If they are left that way it won't run right.
This is always done by turning the mixture screws in equal amounts clockwise, to lean out the mixture. (Unless you've got some smog era atrocity carb) The engine RPM will increase up until a definite, delineated point. This is the area where you are interested in. The idea is to lean out the idle mixture as far as possible consistent with a smooth idle. Very small adjustments - as little as 16th of a turn - make BIG changes in AFR and how it will run.
A mixture that is too rich won't have a crisp idle and will tend to load up and foul plugs, wastes gas, dilute crankcase oil. It's also kind of a moving target. Seasonal temperature variations and elevation play a role in the optimum setting.