One thing that appears to have been missed is that if that saw is really 35 years old you really need to disassemble it and check and/or replace most of the rubber components which can easily cause an air leak. The culprits are the crank seals, cylinder boot, and especially the impulse hose. Rubber rots over time and due exposure to oil contamination and atmospheric ozone.
A stock Stihl saw should run properly at specified stock carburetor settings. Stihl calibrates their carburetors for a specific saw model to achieve this. The only normal deviation is to lean the mixture out for operation in high elevations. If you are near sea level the saw should run properly at the stock carb settings. If it doesn't you likely have an air leak caused by the failure of one or more of the above mentioned rubber components.
Another indication of an air leak is an erratic idle or failure to idle down. However, if the leak is caused by stretching the intake boot and impulse hose when pulling up on the handle while in the cut it may not show up at idle.
The symptoms that you describe are what we used to call "partial seizures" when working on 2-stroke motor bikes. It occurs when, due to excessive temperatures, the piston expands in the cylinder more than the cylinder itself and removes any spacing between piston and cylinder. Since the top of the piston and cylinder are the hottest this is where any damage should be visible. If this condition is caught in time little or no damage may occur. The only way to know for sure is to pull the jug and do an inspection.