Check this out. Set the float height such that the top (lower side that goes into bowl) is at 20mm when just touching the needle valve. Normally, I use a set of calipers and turn the carb at angle when checking this measurment to make sure the weight of the float is not depressing the needle valve. But to answer your question, yes, you bend the tab.
https://lilhonda.com/index.php?threads/ct70-carb-rebuild-town-time.16011/
https://lilhonda.com/index.php?threads/ct70-carb-rebuild-town-time.16011/