7 PSI is too much, you'll need the regulator to cut the pressure back to 4-5 psi as Glenn mentioned. With your engine 110-130 gph is plenty of volume. With the increased volume and pressure with an electric pump you'll also want to use a 1/2" fuel line, available in aluminum also at Sumitt. No reason to have the hi pressure and hi volume if you restrict it through the stock 5/16" fuel line....

No one here is putting you down or saying you don't know what you're doing, just trying to save you a few $$$$$$ from lessons we've all learned along the way......