fuel return line

No need for a return style regulator. Just plumb a return line T'd off of the fuel line near the carb with a .060 or so restrictor in it like Trailbeast recommended. Connect that to your stock 5/16 line. Then run a new 3/8 line for the supply side. That's about as cheap as you can get to add a 3/8 supply and have a return to circulate hot gas. You already have a working regulator. Why buy another one.
Allrigt...I'll run with this thought
The regulator I have now has two outlet, but one is closed of
If I were to use that port, and run both a return line and a restriction in it...would the gauge on the carb still be accurate?
It should, right?

And would that turn my deadhead regulator into a return style one?
And...would the adjuster on the still be functional, perhaps for fine tuning?