Not quite. The groove is going to be in your slide, the round cylinder that barely fits in the carb body. The needle, as most people will refer to it, is that long needle that sticks out the bottom of your slide, that you can adjust the clip on. It is just a matter of terminology, but I'm pretty sure you're getting it. Also, to be technical, some guys will call the slide a throttle valve...and that long needle is the valve needle....mostly referred to as the slide and the needle though for simplicity.
By the way, while you're in there, check that clip position. To do that, when you look in the top of your slide...needle is pointing away from you...you will see the clasp that your cable attaches to and a couple small screws. Take those screws out and that clasp will come out...the clasp is made of two pieces (at least mine is), so don't lose them, you will notice when you take it out. Then the needle will slide up out of the slide and on the top you will see the clip. To put it back in, put the needle back, drop your clasp in and rotate so the holes line up and then put your screws in...again, snug. A good screwdriver with slight magnetism will help you with this, put the screws on it then play operation to get the screws down in.