I’m guessing with the clickity-clack fuel pump you’re running a return-less fuel circuit?
If so, you can pick up one of those fuel filters with a built in return and run the return to the 5/16” barb on the sender.
Also, most generic electric fuel pumps will put well over 10 psi through a 3/8” fuel line. So essentially the pump is being dead headed and will overheat and/or prematurely fail. Make sure the pump is below the tank then try this order in the engine compartment: return style fuel filter, fuel regulator, then fuel pressure gauge. All those parts from spectre or mr. gasket should be relatively cheap, yet reliable. Or you can buy a return style regulator, but they’re a bit more pricey.
I’m guessing trying to double wall an exhaust will end in rattles that will drive you nuts.
edit: is there a reason you aren’t running a mechanical fuel pump with return?