Yes the return style regulator should provide a more stable pressure over the deadhead style. The 3/8" fuel line is good up to about 500 HP, but after that you would need 1/2" lines.
Below is what I did planning for my fuel system. It's an Excel file and the prices have really changed since I built mine. But if you have access to Excel or you want to install "Open Office" that is free and can open Microsoft files. Feel free to edit the file and make it your own. There are 3 different systems at 3 different price points. Those blue squiggly lines are links that still work, they are just very tiny text since you don't need to read them. The Holley Blue pump does have it's downside if you do some searching, so if you can afford it, go better. If not, remove it every couple of winters and lube the shaft. Mine did finally lock up on mine, so that's what I'm doing now.
Apache OpenOffice - Official Site - The Free and Open Productivity Suite
You will want to put that inline filter
after the fuel pump if it's electric. To put a filter before the pump it should be a 100 micron rated so the restriction to fuel flow will be very low. The Wix inline filter is rated at 20 micron. I didn't use the Aeromotive 100 micron filter before the pump, I simply just did NOT have the room. Mount the pump below the fuel level in the tank.
The Mallory regulator in the Excel file is not longer available. I liked it because it had -8AN, O-Ring inlet/outlets and the fittings were included. The newer Mallory is 3/8" NPT and no fittings. Be aware there is no gauge port.
https://www.summitracing.com/parts/maa-29387
Below is a diagram of my system except I didn't use the pre-filter.
For the return line I didn't have many options since my car was already built. I decided to use some MagDaddys. These do not use refrigerator magnets, these are Neodymium magnets. Just throwing this out there, you will have more options since this is a new car.
I used a Adel clamp and a 1/4"-20 bolt to hold the fuel line.
Just some filter info .....
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