Outside pin - Orange or Orange/Black or Red - +12v unswitched
Middle pin - Tan or Tan/Black - Gauge
Outside Pin - Tan/White or Gray - To fuel pump
So assuming you have a 3 pin connector just connect the 3 pin 88 2.5 or 2.8 sender. It should work fine. Or if you wish cut and splice the pre-88 connector onto your harness. Pin for pin. Outside pins are the fuel pump switch. Middle pin is the gauge.
Your stock 3100 sender most likey gave you proper fuel pump operation but pegged the oil pressure gauge high as soon as the oil pressure built.
You can use the oil pressure switch solely to control your fuel pump since you are carbed. The engine will fire from the fuel in the bowl. If your engine is reasonably sound you will also have oil pressure right after you start cranking. This means you will have fuel under pressure most likely quicker than you would have with a mechanical pump.
[This message has been edited by phonedawgz (edited 08-20-2013).]