A 40mm carb in a KTM200,? Dats something new, so is it rebored, and does it require a new airbox boot(manifold)?
Oh, and does your rpm drop slowly after riding the bike hard (constant half and full throttle operations)? Becos no.38 pilot jet sounds like quite small (even tho air screw at 1 +half turn out).
Also, wats the colour of your plug after full throttle riding?
168 main jet sounds small (with needle at 2nd clip), but considering it's stock exhaust system, maybe it'll work.
Were the 13/50 gearing new, or you were using other combination before dis?
Sorry I dun mean to ask so much. But nowadays KTM parts are very exp, so it'll be bad if the cyclinder gets scored. As a bike usually feels very crisp n powerful when it's lean.
Well, it may be the reed cage, or you may be one lucky guy with a low consumption yet powerful bike..

So I'm not saying the setting's not right, just thot it might be good to be sure. B)