One more happy result on carb issues. I finally got mine running smoother than it ever has, and in my case I could have adjusted the floats lower yet again, or...
PUT IN A WEDGE SPACER!
The fuel was dripping through one of the primary boosters and continuing after shut down. I installed two 5 degree spacers to level the carb and bam, the boat purrs like a kitten. I didn't have enough time to drill the spacers and install a vacuum port, so next visit I'll get that done, but WOW what a difference. Skied behind her yesterday, and the driver (beautiful wife) commented on how smooth and powererful the boat felt. Since there is no PCV input to the carb at this point, it is possible it's running better because the PCV was bad, but that wouldn't have affected the fuel dripping problem.
It's a relatively painless and cheap mod, even if you go the expensive route and buy the Holley spacer kit, but I think all these boats should have spacers. You'll fight float level issues all day long until that carb is level. Judging by the number of distributor caps, coils and starter solenoids that were left in the glove box by the PO I don't think this boat has run right in a long time.