Not surprised. That bit about the factory float becoming porous, or a fuel sponge if you prefer was almost epidemic to Q-bogs that had been sitting for a long time or which had been harvested from pick a part yards or kept when a project was offed and then shelved "Just in case" Not real sure what the factory used for its floats but the stuff apparently had a bad habit of decomposing over time. Causes I have come across have included U-V damage, chemical damage from gas additives, and a few others.
When I ran my Hollies, I swore by the brass floats as being superior to the nitrophyll ones, until I ran into that same problem with a sinking float. You could actually hear the fuel sloshing around when you took the float and shook it. Got into a discussion about it with my local indie speed shop owner and he noted that as the gas companies changed the formulae for the pump gas they offered what had begun to happen was that the gas started to "eat" at the older floats. The consequence was that the lead with which the solder in them had been formulated was being leached out and that caused the floats to become fragile and the seams to pop open and allow fuel to get inside them.
The newer brass floats apparently do not have this problem because they switched the solder being used to one that has no lead in it. However, by that time I had switched to the new nitro floats, (or whatever the generic name for what they are made of is) and then benched the Hollies permanently; mostly because they had an insurmountable issue with humidity and cold weather starting that I never could dial out of them.
I have learned over time that that is the principal complaint of many Holley owners when they go bench racing; Effectively it is the ongoing need to repeatedly retune the carb almost daily or even more than once per day to get it to play nice if there is a change in the weather, hot/humid seems to be the worst culprit. Which is too bad because, at speed on the interstate, the Holley performed famously. Need to pass? Drop on the Waa-Was pedal and listen to the Hooomph of the secondaries coming on line and watch the look of shock on the other driver's face as you move on by and get on down the road. Only thing was that if you moved from the lowlands to the Black Hills, you guessed it, time to tweak the idle mixture, again.
In a car, it is easy to get to the carb and tweak AFR or idle mixture; for the van it requires that a large amount of the dash be disassembled. And while it is fun to drive around and listen to the roar of air being sucked into the engine, and listening to all the various sounds and noises, it is not safe, but then, a lot of what we tend to consider as being fun, isn't, safe that is.................
Anyone for a couple of beers and a rope swing out over the lake?
Nick