The fast idle screw can be adjusted. What could be happening though is that the choke housing is rotated towards the richer side (look for arrow of direction and marks).
The choke plate creates an increase vaccum below, so the vaccum forces fuel from the idle and main metering systems. The choke housing controls the amount of vaccum (by controling the choke plate position) and therefore the amount of A/ F ratio (to an extend). So the fast idle screw has to be "balanced" with the choke housing adjustment to really set the best fast idle speed. I did check for specific fast idle speeds, and those can be found in the appropiate manufacturers manual for the specific year/model of vehicle. Maybe that is why I have not found in any of my carburator books the suggested speed except that it should be sufficient to surpass cold cracking forces exerted by oil viscosity and the like.
The darn thing is required, for the vaccum levels produced by your average 50 - 70 rpm cranking speed is not sufficient to get the idle and main metering systems to operate. However, all this effort is rooted in the lack of appropiate fuel atomization when the engine is cold. EFI has one up on carburation on this issue alone. You can start an EFI engine and get going in seconds if needed.