No, a crack in the petcock stand pipe will not cause too much gas to flow to the carbs. The amount of fuel going into the carb bowls is regulated by the needle valves.
Either the fuel level is set too high or one or more of the valves aren't closing completely, or one or more of the overflow pipes in the carb bowls are cracked. This is usually caused either by some kind of grit in the valve seat, or a sticking float, but it could also be something else like a float that's taking on gas.