Thanks Guys-
I did check the end of the hard line that connects (via some rubber line) to what I assume is the return line to the tank, and that's where I found the restriction, as expected.
A deeper question is, how can I tell the difference between return line and the supply line? They both just disappear under the chassis. I believe I have traced every inch of both of them under the vehicle, and am pretty darn sure I have them hooked up correctly, but how can I tell for sure?
As I said, I have disconnected the output of the pump, and have seen a bunch of gas shoot out when the engine is cranked.
I have been suspicious that the float valve needle was sticking to its seat, because of the shit gas we have now, which was why I replaced it with one from another carb. Based on blowing through it while pressing and not-pressing the valve needle, it seems to be fine.
Unless you have anything more to add, my next attempt is going to be bypass everything with a piece of rubber line connected directly from the pump to the carb and see how that goes. I am inferring from what you've said, that the pump has a pressure-bypass valve built in that will prevent the pump from just blowing the float valve off its seat and flooding the carb.