Gack. I assumed the carburetor would come from the factory with a reasonable float level preset. How wrong I was. It was about as low as it could be, about 3/4" below the bowl top. I have now raised it to about 1/4" below. That was as high as I could get it without removing the needle valve. I can fine tune it after I establish that this makes a difference.
Here are some pics of the carburetor and the removed step-up piston with the metering rods. This piston is designed a bit different from the Carter version.
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Float level before (to be fair, a bit of fuel has evaporated, it would be a *little* higher with fuel pressure):
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And after adjusting:
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