Bestway (Intex) level question

I've recently bought and installed a Bestway Power Steel 7.32m x 3.66m (or Intex 24ft x 12ft). I installed into my back yard which was as level as i could get and filled it up.
When checking it make sure it is level, should it be checked from "water level to frame" or "ground to water level". My water/frame difference is, at most, 35mm (1.38 inch), but my water/ground is 22mm (0.87 inch).

Everywhere I have been reading, 1-2 inch is an acceptable tolerance, where mine is sitting around 1 inch (depending on which measurement you use)
In my mind, the water level is more important, as the deeper the water the more pressure it exerts onto the frame.

Should I be concrened about the frame or the actual water level?
 
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