Have you ever taken the cap off the spool with float and inspected and cleaned the balls and springs? You might try rotating the spools a bit and and see if the balls will have a better place to drop into and out of detent. It is probably a square grove in the spool. Clean the groove. Load it up with a water resilient grease
I can see where if using the float a lot, that the balls and groove might get worn, especially if the two metals are dissimilar.
Look at page 7 for a float detent. Yours might be similar or totally different.
http://www.princehyd.com/Portals/0/products/valves/LVManual.pdf
Do you have a break down of your FEL valve, or what brand and model number it it?