It's possible to do this while the carbs are on the bike, what you have to do is to lift the float until the float needle seats, but not so far that it compresses the pin.
That said, the gymnastics involved in doing this with the carbs mounted probably isn't worth it. Just pull the rack and flip it over.
I've checked float levels with the carbs installed, but always take the carbs off to adjust them. My 750K0 has quick-release clips on the float bowls and even then it's a pain to work on them on the bike, particularly the inner carbs.
mystic_1