Blown silencer packing will usually make the revs break-up early. Thats because of excess turbulence in the tail-pipe, effectively blocking the flow. So I suppose that it would make the jetting seem rich because the revs are breaking up early, but if you lean the main jet, you'll probably burn a hole in the center of the piston crown. You see the blown packing causes turbulence and a flow problem which makes the piston crown run hotter, less fuel to cool the piston will push it to the melting point.
Small displacement bikes require more frequent service of the packing material. Try the Silent Sport brand of packing material, you can buy it in a bag, enough for a few packing changes.
Good luck