The float bottom will be damned close to level when set correctly, I measure to the middle of the float - roughly even with the main jet.
You hold the stack flat as if on the bike and slowly rotate it until you reach an angle a bit past where the float tangs just touch the pins, yet don't depress the springs... it's a three or four handed job, really, unless you have some sort of thingy that can hold the stack. You can then sight down across the bottoms of the floats and see that all four are the same. Once you set the 1 & 4 by measuring you can eyeball 2 & 3 this way, as they are harder to measure. Don't go bananas trying to get them exactly 21mm (as I recall) - they should be close as possible but having all four the same is (IMO) more important that being within .01mm of spec.