1) Fuel pressure too high. This often happens when people install electric fuel pumps. If the pressure is way too high, it can just blow past the float valve and run over. If the pressure is a little wrong, it can change the float level, leading to a whole bunch of tail chasing because the height setting in the book assumed the original fuel pressure.
Response: I put a rebuilt fuel pump(mechanical) from Fusick on less than 10 miles ago.
2) Float valve shot. This one is self explanatory. The fuel cant shut completely off, and it just runs all the time (like a malfunctioning toilet).
Response: I rebuilt the carburetor myself less than 20 miles ago. Not to say I didn't miss something.
3) Bad float. Any holes in the float, or any liquid inside changes the buoyancy and reduces the float's ability to shut the liquid off. Since the float level in a carburetor is critical, there is no room for error. The float must have no leaks, period.
Response: I rebuilt the carburetor myself less than 20 miles ago. Not to say I didn't miss something.
4) Float level set wrong. The service manual will show how to set it and what the level measurement is.
Response: When I rebuilt the carb I was very meticulous about getting this set right, 23/32" I believe.
Fuel coming out of the side air filter hole dumping onto the coil. Something is bad. I'll remove it tomorrow maybe.