It's not a choke lever. It just keeps the throttle opened a crack (0.1 mm) more than at idle, thus giving you fast idle at startup. Nothing more.
Lift the tank, look where the "choke" cable goes, play with it a bit, and you will see how it works, and the screw which lets you adjust it.
Some folks adjust it in such a way that it fast idles at pretty high rpms (like 4000), and then use the fast idle to cruise at highway speeds. That's the cheapest cruise control mod available.
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Igor
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