Like other have said, try it the EOTech alone, you lose nothing.
I am assuming you have a carbine. If that's correct, I don't know what kind of priority I would personally put on free-floated hand rail.
A lot would have to do with your purpose for it.
I am not speaking from experience, and if I had the option, I would like a free-floated rail, but I would put that money in an optic, a good backup iron sight, a sling, more mags, ammo, etc before the free-float option. I had a quad rail on mine and went back to the carbine hand guards (smaller and lighter than the M4 hand-guards). For me, the primary purpose of the hand guards is a place to put my hand and hold the carbine and put in on target—not really to decorate and hang stuff off of.
To me an EOTech (or Aimpoint) is for closer ranges where the advantage gained by free-floating isn't seen all that much.
As far as the front sight you can either co-witness or 1/3 "co-witness". I like the latter, as the front is out of your way, but still very usable if needed. Others don't like having a different cheek weld for irons and dot.
If you have a rifle and not a carbine forget everything I've said and have a good day
