Sounds good on having a go on the 024. Small bore cylinders are harder to work on if you want to modify the transfers. You'll need a dremel tool with a right angle head on it.
You guys who are starting to do mods should get a compression gauge, see what your saw is stock and what your gains are by lowering the jug. Some gauges can be misleading if you get the wrong kind, and some others read incorrectly, better to get a fairly good one imo.
I think it's not bad too run a bit rich for a few tanks of gas after modifying, especially if it's a new ring(s). Getting familiar with the different running saw for a spell before dialing it in, has some practcality, again imo.
Revs are great for smaller diameter cutting, but big wood is where torque pays off, combined with the rpms. Having a saw that doesn't drop in rpms when you're cutting is a fine thing. Listen to a modded saw in the cut, a good one may drop a bit as you start to bear down, but then it will pick itself up and gain rpms as you progress.. A saw that does that is what it's all about.