Idea for curing vapor lock once and for all

I came across this vapor-lock, or boiling fuel solution in Car Craft. This is what was published. The "Bypass Valve" is just a cheap adjustable fuel regulator:


O.K., I have added my mechanical pump into the loop as well. The Edelbrock electric pump I have says it needs no regulator, if that matters, Will this system work? And if not why? Here is what my system will look like:'
Author: 340_GTS