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This should be a constant bleed regualtor spring over diaphragm type over spring design hook it up as the the drawing indicates Edelbrock makes two differemtly rated pumps one is high volume high pressure the other is high volume low presssure. one is 10-13 psi the other the one you need is 5-7 psi. The only differnce between the two is an internal bypass spring if these are the same pumps as I have used which I think it is, I will look the p/n up when I get back home which will be a couple of days (sorry)
I have run these pumps without the requlator the 5-7 psi pump with no problem we had to because the sanctioning body prohibited a regulator.
Your regulator is essentually the same as the Holley except they don't make a big deal about it being a diaphragm type.
With a log they recommend the same plumbing as BG, but without a log they recommend plumbing before the carb. That is the way I have always used a bypass style regulator, before the carb, but without a log and a gauge tee'd into the carb line.
Check the flow ratings of your fuel pump vs the flow ratings of the regulator. If the fuel pump flow is too great for the regulator, it will not be able to regulate the pressure.