Where do I Drill My Bung-Hole?

Yeah, I suppose This would be the Fastest Way to get er done. It's Easy enough to find a 3/8" out 1/4" in pickup
and the Sock fell off my crappy pickup in the tank anyway.
Thanks Triple R!
and I think I'll take the advise of 67Dart273 and use my existing 5/16" line for the Return and Run a New 3/8" Line to the Pump...

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That's a mistake, IMO. Even a 1/4 return with a MANUAL pump is a bad idea without "some" sort of orifice restriction. I just got done converting my friend's Chevy truck to a return system, using the vapor return line as a solid fuel return. I used a simple return filter with an orifice in the return. Using even a 1/4 return without an orifice on a manual pump will lower the pressure and volume a good bit. You can do that with an electric pump, because they have enough volume and pressure so as not to need an orifice, but just the regulator.