Fuel pressure problem..I'm at a loss.

I dont believe a mechanical pump will supply enough fuel for your engine @ WOT. I ran an old Holley electric pump on my 512 other than the noise I never had any fuel issues. Never even ran a regulator and/or return line.
What type of fuel pressure gauge do you have and where is it located?
What size fuel lines?
The gauge is non fluid filled gauge in the rail right before the carb. The line to the pump is 3/8 and from the pump forward is all braided -6 an lines.