Water does a great job in de carbonizing the combustion chamber, It's an old trick and I've used it on the "Luv" machine and my old tractor a few times with good results.
Before you even start however, commit yourself to BEING VERY CAREFUL in how you do this as water in your combustion chamber will hydrolock your motor and ruin it. The key is a steady few drops through a vacuum line.
The way I do it is as follows.
Head to your local grocery store and purchase your favorite bottle of wine. Open and enjoy.
When wine has been consumed, rinse bottle well with clean water.
Run a hose or tube several feet long from vacuum connection on motor to an easy place where you can hold it without becoming impatient or developing a back ache.
Fill bottle with water.
With motor running, slowly and gently insert tube inside bottle of water holding the hose above the water level to the point it just starts to create enough of a "draw" to suck the water, (in mist or droplet form - DO NOT PUT TUBE IN WATER - MOTOR WILL BE KILLED AND GO TO MOTOR HEAVEN IF YOU DO THIS).
Keep an eye on temp gauge so you don't overheat the motor and listen carefully to the motor so you don't bog it down too much, (if it bogs too much, that means you're getting too much water mist in your combustion chamber).
Once again, be VERY careful when you do this, but it will work if done properly.