Yeah, you got it right. Here's the specs.
<from the manual supplement for late model bikes>
â€¢ float height a
Out of specification â†’ Adjust.
Float height (F.H.):
10 ~ 11 mm (0.39 ~ 0.43 in)
a. Hold the carburetor in an upside down position.
b. Measure the distance from the front mating
surface of the float chamber (gasket
removed) to the top of the float.
The float arm should be resting on the needle
valve, but not compressing it.