Sorry, this will be a bit

but it's close ...
The big plans (DWG 16A, RV7,RV8) show the float "arm" (the wire) with an aproximate dimension of 3" on each side of a 90 degree bend.
I found another drawing of the float arms on a small sheet (8.5 x 11) labeled, oddly enough, "WING FLOAT WIRESS" dated 1/5/95. This plan page has references to the RV3,4,6,8,9 but not the RV7. Examination of this page show that the float arm needs to be adjusted to allow the float to swing to within 1/8" or less of the skin at both the top and bottom end of it's travel.
I kinda missed that second plan page with the 1/8" dimension as I was bending the arm for my tank. Turns out, I adjusted it to swing all the way to contacting with the skins (0 clearance) ... I guess it's ok.
BTW, mine's standard pick-ups (no flop tube) and resistive (float) senders.
Back to your questions ... I can't see anything in the plans for more precise placement of the hole in the tank baffle for your floppy tank. I concure with CJ that the bending and adjusting of the float arm is the critical bit of the whole setup. I think the 90 degree bend allows for adjustment to the arm.