A lot of good information here, thank you. Nkaminar and Pete, I appreciate your best ideas. Rotorwrench, I appreciate your input too, even though you basically are saying don't do it. J Franklin, the tee would probably not work due to the flow but maybe.
I did not tell you that it did not have to be in the bottom of the tank and this might change some of your thinking. However, you will probably ALL think I am an idiot because I am looking at the Holley Sniper fuel injection system which requires a return to the tank. So the return can be up high and should be essentially no pressure.
Again, thank you all, I am still considering the options including forgetting about it.
I originally wanted to mount something like a metal radiator overflow tank up high under the hood that would receive the return flow and be "tee-d" into the feed line thus be close to the height of the gas inside the tank but provide a flow relief volume. My fear is that this would overflow depending on the bypass return flow.