I just got a Model B carb working correctly the other day that I hadn't run in 15 years. All passages were clear and everything checked out before mounting it on a friend's car. Yet, on occasion and not every time, the engine would start to sputter, idle poorly and then gas would start coming out of the throat. I lowered the float some and changed needle & seats, but still the intermittent problem existed. The float had two small solder repairs, but based on its use for 10 years prior to going into storage, I felt the float was o.k. However, after disassembly and fooling around with the carb for about the 100th time, I shook the float and sure enough! There was gas inside. Apparently another small leak had developed and gas was getting inside the float, but not completely filling it. What was happening was when I disassembled the carb and laid parts on the ground, gas must have dribbled back out of the float so that it would operate o.k. for a while before just enough gas seeped in to cause it to sink. That caused the misfiring and eventual gas running out. Disassembling the carb each time, who would notice gas dribbling out of the float amid all the gas on the ground from the bowl? Anyway, a new float from Renner's Corner solved the problem and the engine runs great.
I know you said your float was good, but check it again. They are so light-weight that even with some gas inside, it's hard to tell for sure unless you shake it and listen for sloshing inside.
Model B carbs are GREAT when dialed in, as they all can be if proper rebuilding procedures and CORRECT parts are used. Installing a rebuild kit is only the first step. Each jet must be checked for size and length. These kits are made of parts that are close, but not exactly correct for Model A and B Zenith carbs. They often come from tractor carb kits. Unless the jets have been flow-checked and the lengths measured, its a cr*ps shoot if the carb will function properly. Don't give up on these B carbs yet! They CAN be made to work the way they were designed.
By the way, to get around the carb being mounted at an angle on the bored-out Model A carb, I ground the shafts of the mounting bolts in the area where they go through the intake manifold flange. That allowed the carb to be rotated enough to line up nicely with the choke rod = no more binding. This method costs nothing and does not compromise the integrity of the mounting bolts. There's still plenty of meat left on the shanks to hold a one pound carb!
Marshall