Hey hbhallet, I can't quite picture how your fuel system is plumbed from what you described but I will try to give some personal advise from my experiences. First of all, you said your running 3/8"(-6) braided hose throughout the system. I think 3/8"(-6) is not not going to give you enough volume, and I think many will agree. It may be fine for a stock or near motor engine but certianly not for a high performance motor. I would run 3/8 line from each tank into a Y block and run 1/2(-8) from there to the pump. Your regulator should be mounted INLINE and as close to the carb or carbs as possible. Also remember that you need to monitor the fuel pressure when the engine is UNDERLOAD, as it will give you true pressure drop. If you want a bypass install it between the pump and regulator.