Hello LSC welcome to YT! You say it acted like it was running out of gas but all you did was throw a new carburetor at it like a magic wand. The carb has to get gas at the proper amount into it to make the engine run. Does it seem to start up and run fine for a few minutes and then start acting up? If so this is a sign of not enough fuel getting into the carb. Old tractors that set for a while usually get crud and residue built up in the tank and fuel line. Pull the line off the carb and open the gas valve. You should have a flow out of it nearly like urinating. If it slows to a trickle then you have a problem. It could be in the sediment bowl below the tank which should have a fine screen in the top of the glass or up in the tank where the fuel enters it. Check that all out, look down from the top with a good flashlight and see if there is crud down in the bottom around the fuel outlet. Also you have a new carb, but check the fitting that the fuel line hooks to, pull it out it has a fine strainer screen that can plug especially if there was a lot of crud built up in the line. All set and done you should be able to pull out the carb drain plug on the bottom of the bowl and it should give you a continuous flow and NOT slow to a dribble. Here is a video to watch this should help you out with some of the misinformation you are giving like the carb having an external float adjustment. I did not watch the video but I know what he puts out is quality information because I have watched some of his other videos. I think it is possible that the carb on your tractor only has an idle adjustment needle and a fixed high speed jet that does not have an adjustment needle.
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