In a specific recent workout I did:
3 x 10:00 at LT with a 3:00 float rest.
LT at 5:20ish and float at 5:40ish
I've found it to be more helpful for either early season work with cruise intervals/broken tempo before transitioning to straight tempo at a faster effort as the specific event you're preparing for draws closer. By running your recoveries at a more moderate effort you're stitching together a longer overall effort at a higher intensity. It should be noted that to be able to add floats you also need to be able to do the "on" portion correctly and have the base fitness to be able to handle that workload with normal recoveries as the stimulus becomes more difficult by adding floats.