While the arm/float may be sticking, its more likely caused by a film of corrosion on the face of the unit.
Carefully remove it, and take a soft pencil eraser and gently clean the surface, and put it back together.
You'll find its working again.
Be very careful not to pinch wires, or damage the lower tanks sealing lip.
Also be very careful not to over torque the fasteners on the studs on the lower tank.
There is also a sequence that is different between years in the pattern you tighten them in, check your service manual.
I would caution against using a torque wrench, unless you have a very high quality one, that has been calibrated recently for inch pounds.
Search the forum for these issues.