The inlet manifold is leaking air, weakening the mixture, OR the engine timing/sparkplug electrode gap is outside specified limits.
No, that has nothing to do with idle speed.
Added info to question: Vacuum also coincidently went from steady 20psi to 15psi/knock - small backfire/miss on acceleration from idle. Knock is steady at idle.
the engine runs at a faster rate than when the idle speed is lower.
Idle is computer controlled and can NOT be adjusted.
change the TPS Throttle Position Sensor
May be idle position sensor.
Could be the carburetor/idle speed out of adjustment, possibly a vacuum leak
it seems there a small screw back of the intake but the idle is control by the ecu.
Idle is not adjustable. You have a electrical or vacuum issue that needs diagnosed.
Not really possible. There is an idle speed control on most 1988 v6 machines. If you are experiencing high idle, it may be a broken ISC. The idle speed is controlled by computer. http://www.marksatterfield.com
You don't. The ECU controls the ISC (Idle Speed Control Motor) which adjusts the idle. If idle is out of control (too low or too high) try gently tapping the ISC with a small (0.5 pound) hammer or a large wrench while the engine is running. If tapping the ISC makes a change in idle speed, you need a new ISC. Clean the throttle body whenever replacing the ISC. If the ISC is not the problem, look for vacuum leaks which can cause both high and low idle. Low coolant level can cause high idle. Also, note that many clueless drivers assume that the idle is wrong (high) when the car is just using high idle (normally) for a short time after a cold start especially in cold weather.
You shouldn't have to, check for vacuum intake leaks