Just an update, the bike is back on the road. Hooray!
I replaced the valve and needle. While I was at it I shot some carb cleaner through out. It seems the previous owner didn't completely understand how to use a phillips screw driver so I went ahead and swapped out the screws while I was at it with some allen head ones
M5-0.8 16mm for the bowl and M5-0.8 12mm for the top.
I fired it back up and left the aircleaner out so I could watch for fuel flowing back into it. After about 10 minutes of idling I'd get a little trickle back into the air box but only when it would idle for long periods of time. NO GAS coming out the vent lines though, this was good!
I took the bike out for a full tank of gas ride (~100 miles) and it ran like a champ. When I got back I put 2.2 gallons in for 115 miles. We haven't had the bike long enough to know if that's good fuel mileage.
When my wife decides she wants that Harley she's always dreamed of, I've found me a fun bike to customize. This little savage is a blast to ride. Drag bars, forward controls and a comfy seat and I'll have a great bike to cruise around on.