In my experience when a float is not floating the engine will flood at idle and stall, and you will see fuel going down the carby throat.
Most carbys have a power circuit to add fuel when the vacuum is low, this helps to richen the mixture on lower air flow. There is usualy a plunger or similar that can be stuck and os a diagphram that can have a hole in it. Some times the top of the carby can warp and create a vacuum leak. this will leave the power valve open and you will have a soggy motor using lots of fuel.
I sugest dismantling the carby if you are careful and have some experience. Watch out for spring and small ball bearings disappearing.
Have agood look and blow out all the channels. look for a plunger that is spring loaded you should have two, one for accelerator pump and the other for the power plunger.
If you can post some pictures of the carby it may help to identify what type it is and how it works.
i hope this helps
Ian
Bittern

