Yamaha suggests using a tool which consists of a float bowl plug with a clear tube attached so that you can see the actual level. If all the things yamaha suggests it is the most unhandy and messy way to do something.
If you have their desired measurement it's easy to turn your plug into a gauge. Easier yet to just set the float to where both sides are perfectly even. Then bend the tab that contacts the float needle so that the mold lines on the float are perfectly parallel with the carb body/bowl mating surfaces just as the tab firmly meets the extended tip of the float needle. If the needle/seat is in good shape that should put you within spec.
The level changes constantly, so for a sharp running engine you will be setting it a lot.