Carb Issue

Let me start a month back because it may help someone troubleshoot...

It seems like one problem after another... I got my 65 1010 RUS to start after replacing the points. Drove it about 300 yards and the water pump blew a seal. Had the water pump rebuilt and I reinstalled. Now it will start but runs really rough with smoke rolling out of the exhaust pipe. I have to keep the choke closed and its 85 degrees. If I open the throttle, it acts like it is gasping for air and it will die. I have blew out the carb and soaked it in cleaner. I cannot tell, but I do not think I have any debris in the jets etc. Gas does roll out of the choke hole on occasion. I bent the float so it would apply more pressure to the plunger.

Any help would be appreciated. My next step is buying a new carb or rolling it into the pond... I don't want to do the first and would never do the second, just frustrated... 

I had similar issues with mine when I first got it. Mine was caused by partially clogged fuel lines/filters. The big culprit on mine was the valve area of the sediment bowl. I drained by tank and pulled the sediment bowl. Some the of sediment bowl assemblies have a tube-shaped screen that goes up into the tank, mine didn't.
I poured fresh gas into the tank and let it run out of the tank into a funnel/jug. It's amazing how much gunk builds up around that hole. I replaced the sediment bowl assembly with a new one from Tractor Supply, but the inlet holes that the gas flows into were much smaller. I noticed this when I was installing it, but didn't figure it mattered much. I was wrong. It starved the engine of fuel, so I put the original back on with a new gasket and internal screen (both available at JD dealers for about $10).
I also replaced my fuel line, using rubber hose and put a clear, inline filter in it so that I could keep tabs on how much junk is getting through the sediment bowl.

sorry for taking a while to reply, if you still need a carb, this man is selling a rebuilt one for $25

http://www.ebay.com/itm/John-Deere-1010-Rebuilt-carburetor-Marval-Schebler-TSX860-/251352552977?pt=BI_Heavy_Equipment_Parts&hash=item3a85c79611