Mine leaked fuel profusely when it failed. I was in the drive through at the local McDonalds when the fellow behind me came to my truck and told me I was leaking a LOT of liquid under my truck. My experience is it will leak fuel when running and suck air when shut off causing the fuel pump to lose prime and cause hard starting.
I replaced and re-routed my return line 15 years ago with some hose, 4 clamps, and basic tools in @ 30 minutes and she's still going strong. I took the return line loose at the pump (where the overflow valve is) and broke it off at the bracket by pushing it back and forth, then cut it off square and cleaned it up. Then I flipped it over and slid the new hose on and put two clamps on it. Then got under the truck and reached up as far as I could and cut the rubber line. Then I disconnected the steel line at the fitting, cut the steel line close to where the original rubber hose is connected, cleaned off the burrs, slid the new hose on and double clamped that end. Then reconnect the steel lines and drive on. I've seen many recommend only using marine-grade diesel fuel hose and it may be that I just got lucky and got some by accident, but I bought some generic fuel hose at O'Reilly when I did mine and it's still going.
I've also had the fuel filter drain valve/water sensor give up on me twice, so you may want to check it out. I now run a fuel filter that doesn't have the WIF sensor or drain valve.