Guys, Having nothing but trouble getting this car to run right consistently. Last weekend I got it warmed up backed it out into the street did a quick u-turn brought it back into the drive way and then it refused to idle. Now I had an issue earlier where the carb would occasionally flood enough so there was puddles on the head, but it hasn't done that recently after I went through and adjusted the choke. However I noticed fuel siting on top of the carb around the vent valve this time. I decided it must be flooding again so I decided it was time to take the carb off and check the float adjustment. Well my readings show it at 1- 3/16" to the lower part of the float and 1-7/32" to the higher side of the float. 
Wouldn't that mean the float isn't going to allow enough fuel into the bowl? Why would fuel come out of the vent valve? I also checked the float and it looks really good and when I dunked it I saw no air bubbles and it floated just fine. The needle and seat also look brand new, should be since it was rebuilt about two years ago. Any ideas? Would you reset the float or leave it?
I was also playing with the power valve assembly and when you depress it it sometimes gets stuck, not really sure how that works or what that means.
Carb is a C6OF-AC, car is a 67 mustang automatic, no emissions

Wouldn't that mean the float isn't going to allow enough fuel into the bowl? Why would fuel come out of the vent valve? I also checked the float and it looks really good and when I dunked it I saw no air bubbles and it floated just fine. The needle and seat also look brand new, should be since it was rebuilt about two years ago. Any ideas? Would you reset the float or leave it?
I was also playing with the power valve assembly and when you depress it it sometimes gets stuck, not really sure how that works or what that means.
Carb is a C6OF-AC, car is a 67 mustang automatic, no emissions