AFR/Lambda value! ROFL!!!!!!!
In the day the best thing you could do with anything you stuck up the exhaust pipe was a CO meter reading.
This is beginning to remind me about the story I heard of the AA man who turned up to a broken down MGB. Apparently he spent 15 minutes looking to find somewhere to plug in his diagnostic!!!
You basically have 4 things to tune.
Rocker gaps.
Points gap (if it isn't converted to electronic)
Timing, (i.e. by rotating the distributor until it is right)
Fuel mixture and tickover setting.
SUs are designed to give correct fuelling across the rev range which is handled by the profile of the needle. Or needles if it is a twin set up.
There must be loads of books you could buy on it. I have Vizards book on tuning the A series engine, but even a Haynes will tell you how to set up a basic tune. And I do know yours isn't a basic one.
Plug cuts are a very reliable way of seeing if the mixture is correct. You can try using a Colortune but I find they only work on brand new SUs as inevitably they wear where the throttle/butterfly spindle passes throught the bushes on the body of the carb, which allows air past them.
Shame you aren't closer we could have fun with this and I have all the old skool equipment necessary!
I find it hard to believe that you are nearly my age yet this is a black art to you. Maybe you drove fords in your youth!!