Re: Advance + Retard Lever ... And the other one ????
Mark if your controls are positioned correctly and you have the correct mag fitted it's this.
The carb air lever (choke) is on the right next to the throttle. It should be pulled all the way towards you for normal running. In fact I never use mine at all, so you can just forget it if you want.
The lever on the clutch side is you ignition advance/retard lever. Again it should be pulled all the way towards you for normal running so that the ignition is at full advance. If your ignition timing is set correctly, then you'll find you will need to retard the ignition by about 1/3rd (or more) to make the bike easier to start and avoid kick backs. The ignition lever may need some experimenting with for the best start up position. You might also find you may need to retard the ignition when pulling up long hills to avoid pinking......Or change down a gear for more revs. Ron