The factory float settings are often pretty "low" on the later carburetors. They were based on the original applications tuning requirements, fuel pressure, etc. Many later model set-ups used higher pressure pumps, and return systems to keep more fuel in circulation (cooling).
I would also add here that none of the over the counter rebuild kits will contain a good high quality needle/seat assembly, they aren't even the correct size for the carburetor number. Ethanol will quickly find a new part that isn't made of a good quality flouroelostomer. This also effects fuel level, float setting, etc, at any give pressure. We've also vacuum and pressure tested a lot of the seats and many aren't holding.
Just another reason why we stepped up the quality of our parts in recent years, and we have ZERO issues with any of our parts in this new fuel.....Cliff