It would be worth while to open it and check it anyway. Basically it is getting a conflicting signal, it is simultaneously being told the water level is too low and too high. I will list all the causes I can think of:
Water damage to the controller
The float is upside down or was inverted on the post (reversing the float on the post reverse the way it functions)
The float is near a magnetic field, if using magnet holder 3155.600, make sure it is properly installed.
The controller is near a magnetic field, keep in mind ballasts, x-10 devices and large pumps can create a magnetic field, even wiring harnesses from these devices can cause issues.
There is some sort of defect, this would be unlikely unless the controller is new as most defects show within a few weeks.