Big White Beast... you are totally on the right track except that if the lift pump is higher than the tank you can never have any kind of positive pressure at the lift pump inlet no matter where the fuel line exits the tank.
Not trying to change anyones mind on this but... . picture a full fuel tank and imagine a lift pump that is exactly 5 feet above the top of the tank. The total lift the pump would be required to overcome is exactly 5 feet. Lets say the lift pump pressure would show 12psi. It does not matter if the fuel line comes out the bottom of the tank or the top... and it dont matter if it comes out the top, goes down 3' and then back up... it still has 5 feet to overcome because the distance between the top of the liquid level in the tank and the inlet of the pump IS the distance to measure.
Now picture the tank has gone down to half full... . which means the liquid level in the tank is now 6" lower in the tank. The pump now has to overcome 5'-6" of lift. Now the pressure may show 11psi. Which explains why you might see a lower psi on the pressure gauge because some of the work the pump does is now required to lift fuel further rather than push it out the outlet. But the pump is doing the same amount of "net" work as it always does. So when you fill up, the pump only has to lift fuel 5' again... thus more of its work shows up as output pressure than suction side lift energy and the pressure goes back up to 12psi. This is why you see the 1psi difference Big White Beast. But it really does not matter how full or empty this tank gets... as long as the transfer pump inlet is above the top of the tank the inlet will never ever see any positive pressure regardless of where the line comes out of the tank.
The only way to make the lift pump get benefits of real positive pressure is to move it so that the inlet is lower than the liquid level in the tank. If its always getting positive pressure at all tank levels, it has to be lower than the bottom of the tank.
But for all practical purposes, its hard to get a pump that low without having to worry about it getting knocked off by a rock or dead possum in the road. I think Big Saint did it with a PE4100 however. So I'll do the best I can possibly do by mounting the OEM pump right along the frame where it sometimes will have just a hint of positive pressure and others just a hint of suction.
All in the name of making life easier on my little ole Carter lift pump and keepin it going. I think it will work... honest

.
Sorry for ramblin on but theres nothing on TV tonight.