I also went with a Pingel petcock.
It doesn't hurt to replace the floats, they're on about $20 apiece. But in every case I've seen, new float needles took care of everything. I can't see a way that the surface of the float that touches the top of that "plunger" can get warped.
Very good video about the floats. You are exactly right about that spring action. The hydrolocked bike I worked on had a situation where the offending float stopped making contact with the needle (no spring action)
It needed a new float. The owner of the bike bought all new floats and needles just to be safe.
We also replaced the malfunctioning petcock with a Pingel and it never locked again
