My K100 gets a consistent 36MPG, and it is in a fine state of tune. I'm not easy on the throttle but I do keep the bike in excellent shape. I have seen 40MPG if I am keeping the speed down to 65MPH or less and not in stop and go traffic. I doubt it will get much better than that under any conditions.
The adjusting screw on the AFM (air flow meter - it's just a gate swinging in the breeze with a potentiometer attached to it) controls how much air bypasses the air "gate". The screw is mostly in effect at idle but does have an effect throughout the operating range of the AFM. Since no two AFMs are exactly alike, this is the baseline adjustment to get it in the ballpark for normal operation. Lacking a CO meter of any kind, I've never messed with mine.
If your idle and off-idle performance is OK, I'd say your bike is probably pretty normal. I was going to add a smart-ass comment about how at least your old 100 is so much simpler and easier to work on than the 1100, except with the price of gas these days, the fuel savings do add up kind of fast... :dunno2: