RE: Air bubbles between the carb and needle valve, Is it serious?
If the bubbles are just between the needle valve and the carb and not also between the tank an the needle valve then your needle valve assembly is "sucking air" one of the seals has gone bad. There is an O-ring on your neadle valve it's self and a couple gaskets at the each of the fittings in the needle valve assembly. You can buy replacements at your LHS or from Tower.