Huge increase in fuel PSI! is that a problem??

A regulator would go between the pump and carb.

Don't waste your time with the cheap parts store (Spectre) "dial" type regs. They're way off.

The Holley style will get you where you need to be.

I would still consider a regulator even if you think it seems to be okay. Don't know what carb you're running. For Holley's, 4-7 psi will do it. Anything over 8 is pushing it.