SOmething sounds definitely off if adjusting that plate stop screw has such a major impact, that should not be. Sounds like the IAC is plugged up/not functioning or what have you. Also, your throttle position sensor may be off/broken?
I just applied the above procedure and it did work as described. I had too high an idle with the IAC disconnected and after running at 2,000 rpm for two minutes. Adjusted down, stopped engine, turned back on, adjusted just a bit more. Stopped engine, reconnected the plug to the IAC and now runs just like it should according to the emissions decal (around 800 in neutral, almost the same in drive). My TPS gives off .98 volt at idle, 4.7 at full throttle (backprobing the middle pin, negative to ground), so that seems good also.
I've had an intermittent stall/stumble at idle I can't seem to get fixed. Replaced the IAC with a Motorcraft one, replaced the ignition coil, O2 sensor, checked for vacuum leaks, replaced the computer and mass airflow sensor (CA versions, I have spares for this type of situation) but nothing seems to be 'it' entirely. Main culprit that did help so far was a bad booster one-way vacuum valve (it was letting air through both directions) and now it just stumbles every once in a while, it doesn't completely stall anymore like it was all of a sudden doing. When driving/accelerating, there is 0 issue - it's only at idle. Maybe it's the fuel pressure regulator that's having an intermittent issue. To be continued.