This carb has sight plugs and floats are adjusted while running just like any other 4150. It has the standard nut and lockscrew arrangement, adjustable, not like the weird Ford 4180s or whatever with nonadjustable floats.
I'll adjust them like any other where fuel is just about to dribble out, lock them down, let it run a while to stabilize. Close it up and go for a drive and everything is fine, runs clean. Then some time later I notice it's dropping too low when off-throttle, and getting blubbery, and smoking, and when I pull over and check it the boosters are pouring fuel out. Pulling the sight plug unleashes a garden hose of fuel out the side. Remove N/S, blow clean (or change to one of the spares I have to carry), reassemble, and all is fine again until it does it again.
edit: Oh, and, it's usually only one bowl or the other that does this (only once did it get both bowls at the same time). Both bowls have the same fuel pressure from the same source through the same single 3/8" hose.