Just happen to have my Aermacchi/H-D 350 carb in mind, and the manual at hand. It's a VHB30. The book says 31/32" or .969" from furthest float body to gasket surface, floats up so gravity holds the valve closed.
On mine, the choke valve is hard and dried, and that's what is causing my rich idle/low speed, not the float level. This is very typical of old carbs with enrichener valves, whether Del'Lorto, Keihin, or whatever. I've ordered both new choke and inlet valve for mine, because new.