AFAIK the "cheap" auto valves have no feedback right? (although one wiring config I saw had switches for fully open/closed) but that might not matter.
So to control flowrate is your plan to fix the MLT valve position and vary the HLT valve to match?
Flowrate or level, either should work in this circumstance assuming a straight sided pot.
So you need to compare the 2 vessels emptying/filling. and adjust the HLT valve so that they match - thats the easy part right.
The hard part is controlling the HLT valve, made even harder by the fact there is no feedback so you don't "know" where the valve is - although that might not be an issue.
depending on the wiring of the valve will depend on how you control. Not really my realm of expertise but I'll throw ideas out to build on.
Force open/close (easier)- when an error signal between the rate changes is detected, the valve is switched for error*X seconds.
Force open / fail closed - could you set up a PWM at a high(?) frequency. Base output of this is 50%, this should keep the valve in the "last" position - i.e. it is opening/closing for half the cycle assuming the open/close rate are the same. Then based on the error adjust the PWM over/under 50% - output = 50% + 50%*error*proportional constant.
With error being (HLT change - BK change) / BK change -> making sure your +/- are the right way round for how you are measuring it.
As I said no even an entry level systems engineer but something to start throwing around
Also where are you getting and how much are the triclover auto valves?