You are definitely on the right track. When you do float level adjustment, the float should be parallel to the bowl gasket surface when the carb is held upside down and the weight of the float is on the needle. If you have never done it, I would recommend getting a manual. It will also help when you go to do the link and sink procedure.
If this does not cure your problem. Two other areas that you should consider are a torn fuel pump diaphram or failing fuel recirculation system.
Though, they are less likely to be the culprit.
If you have any problems. Feel free to e-mail me or post again. Good luck.
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