Have had great luck using the Bosch 69225 fuel pump which duplicates the EP381 flow and pressure capability. Not familiar with the Bosch 69222 but that may be the one for the stock 2.8L..
Causes of low fuel pressure
Bad Regulator
Crimped feed hose
Wrong, Defective or bad fuel pump
Leakage at the connection hose or pulsator in the fuel tank
Bad wire connection
My guess-bad regulator but test by temporarily pinching the return line and measuring the pressure at the Schrader valve on the rail. When the pressure rises to 43 psi stop the test. If you don't read 43 psi your problem is most likely located at the connection in the tank.
BTW, if you replace the small hose that attaches the fuel pump to the supply line, (where the pulsator was) YOU MUST use J30R10 submersible fuel injection hose and fuel injection clamps. Std fuel injection hose will deteriorate with time.
------------------
" THE BLACK PARALYZER" -87GT 3800SC Series III engine, custom ZZP /Frozen Boost Intercooler setup, 3.4" Pulley, Northstar TB, LS1 MAF, 3" Spintech/Hedman Exhaust, Autolite 104's, MSD wires, Custom CAI, 4T65eHD w. custom axles, HP Tuners VCM Suite.
"THE COLUSSUS" 87GT - ALL OUT 3.4L Turbocharged engine, Garrett Hybrid Turbo, MSD ign., modified TH125H
" ON THE LOOSE WITHOUT THE JUICE " [This message has been edited by Dennis LaGrua (edited 08-03-2016).]