A small amount of fuel coming out of the muffler is what you want. If you hold your hand in the exhaust for a few seconds, it should feel oily. If it’s slimly, that’s too much.
Every glow engine I owned would eventually get a coat of varnish. When varnished, the engine would only run fat (rich). When you leaned it out they would over heat and cut out.
The solution, boil it in antifreeze to clean it. Get the kind that is safe for aluminum, mix it 50/50 with water. Use an old crock pot or fondue pot. Remove the carburetor, muffler and glow plug. Rotate the engine so the intake valve is open then drop it and muffler into the pot and cover everything with antifreeze. Set the heat to 250F or so and let it cook for 30 minutes or so. It will come out looking like new. The heat will loosen and remove all of the baked on varnish.
When it’s done, let it cool and rinse with water. Put a prop on, rotate the engine to get the internal fluid out. Reassemble the engine and start it. It should run much better.