Just got back from the garage again. I took the carb apart, removed the float valve assembly and made sure it was clean and free of defects. It looked fine of course the proof is in the pudding, so I put the body of the carb on with the bowl off so that I could press on the float valve with my finger. I attached the fuel line and opened the flow. I was able to control the fuel flow through the float valve just fine, so I don't believe the float valve is at fault. Next I filled the fuel bowl by itself to make sure the floats were actually floating.....no problems there either.
I adjusted the tabs for the float contacts down a bit further and retried the whole thing again, but it's still puking out of the bowl vent.
The tabs on the float lever can be installed 2 different ways, which is what I thought I screwed up from the very beginning, but in the pic taken from my clymer manual, it clearly shows the tabs stepped upward towards the top of the carb (since the carb in the pic is upside down) which is exactly the way I installed mine. Is is possible that this info is incorrect? I have no reference to go by except the book. Any thoughts out there people? It would really help me out.