First off...have you read through this thread?:
http://www.forums.IHPartsAmerica.com/carb-tech/1390-carter-thermoquad-spreadbore-stuff.html
In post #18 you will find a link I provided that will take you to the definitive tq historical reference/tuning guide on the 'net.
How long has this carb been in actual service, and how long has it been "sitting" with fuel inside (long evaporated) out of service??
Carburetors are not lifetime items, they require periodic maintenance, most especially the smog carbs of the 70's!!
There is some inherent "adjustability" to the tq regarding altitude compensation. And the "last gen" tq in some applications had an add-on module created just for that purpose of altitude compensation since that affected emissions and the vehicle was required to maintain emissions for the life of the "emissions warranty" period. As for the federal requirement, that point was 5,000ft.
Don't even think of trying to adapt some crap like that to your tq, it won't work, for all intents and purposes, those two carb designs are not the same!
The most common root cause of what you describe is due to fuel bowl leakage and/or the non-sealing of the internal seals (in some versions a type of "o" ring). Basically, raw liquid is dumping out the bottom of the fuel bowl anytime fuel is present inside the bowl. And/or...the liquid metering systems (jets and rods) are being simply bypassed due to deterioration of the seals.
The tq carburetor must be totally disassembled to change any "jets" anyway, why not rebuild it properly?? Then you have a baseline for tuning purposes if needed and if you can find the range of hard parts for achieving any altitude compensation.