Although that's what the manual quotes, in my experience manufacturers set them up to run a bit lean for emissions reasons so I'd just use it as a starting point.
A common method is as follows:
Run the engine at a fast idle (about 1600rpm) by screwing in the throttle stop slightly.
Turn the pilot screw on No 1 slowly out until the engine revs start to drop (they may rise a fair bit in between), counting the number of half or quarter turns. Reset it to 1+3/4 turns out. This time turn it IN until the engine revs start to drop, again counting the number of quarter turns. Note the numbers are re-set it to 1+3/4.
Repeat for the other cylinders.
For each cylinder, take the average of the 2 numbers (furthest in & furthest out) and set the screw to the average, then screw it about 1/4 to 1/2 a turn in.
After you've set them all, re-start the engine and re-set the idle . Blip the throttle to test pick up, and go for a test ride.
If you take too long doing the initial experiementation then the engine will get hotter, affecting the readings. If there's a slight trend towards leaner running for the last cylinders you do, then they can probably be set closer to the first cylinders you do, alternatively if you started with a cold engine then you might want to set the first 2 closer to the last 2, and so on.
If any of the pilot screws need a setting very different to the others then there may be a problem with that carb, or the inlet stubs.
The other issue with all this - that I forgot to mention earlier - is that there's little point balancing the carbs or setting the idle mixture if the valves are out of adjustment. So it's worth checking those too - especially if No 4 cylinder persist in misbehaving.
arrrf.