absolute shot in the dark seems unlikley to me to be valve related but run a compression test across your cylinders easy to do get the min psi and max psi from a manual or the net
have you had the float bowls off? is one of the floats sticking ? or a bit of dirt under a needle valve this could cause over fueling
whats it run like when its running?
oh the only way into your speedo is force the pressed on besle off repair it and replace with a new one off ebay