Hi all. I have a 1962 Johnson 3 HP (Model JW-17) that I use for trolling. It has a self-contained fuel tank on top of the engine that gravity feeds to the carb. The engine is old but has less than 100 hours on it. Compression is up to spec on both cylinders. It has always been stored indoors and, up to last fall, ran like a Swiss watch (nearly). At that time it started flooding out after running for a few seconds and gas would be dripping out of the air intake. My first thoughts were that an inlet valve being worn out or stuck open or a perforated float would be the culprit so I did the following:
Disassembled and cleaned the entire carb
Replaced the inlet valve, seat and the float
Replaced the high and low speed needle valves and packing and adjusted them 1.5 turns back out from being fully seated.
Choke mechanism was lubricated and moves smoothly.
New spark plugs installed.
Fresh gas used
Now the engine refuses to start and, after only two pulls on the starter rope, gas starts dripping out of the air intake again. I have adjusted the float level at least 6 times and I have pressure tested and determined that the inlet valve is both seating and opening properly. Nothing so far has solved the problem and I can't get so much as a cough out of the motor before the fuel starts dripping.
Any suggestions would be sincerely appreciated.
I've run out of my own ideas. 
Disassembled and cleaned the entire carb
Replaced the inlet valve, seat and the float
Replaced the high and low speed needle valves and packing and adjusted them 1.5 turns back out from being fully seated.
Choke mechanism was lubricated and moves smoothly.
New spark plugs installed.
Fresh gas used
Now the engine refuses to start and, after only two pulls on the starter rope, gas starts dripping out of the air intake again. I have adjusted the float level at least 6 times and I have pressure tested and determined that the inlet valve is both seating and opening properly. Nothing so far has solved the problem and I can't get so much as a cough out of the motor before the fuel starts dripping.
Any suggestions would be sincerely appreciated.

