Fuel line routing

I need to install a new 3/8 fuel line for my Holley sniper and will use my old supply fuel line as a return line.
Question is, would it be ok to run it under the crossmember like this?
I'm not sure if drilling a hole through it is a better option. I plan to protect the line with a longer rubber hose split and wrapped around it, not just the small ones in the pic.
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