Fuel Pressure Check - Sanity Check

I have some other threads floating around about having issues on the 748 since I put it back together. I replaced broken plastic quick connects with the metal variety and replaced the fuel lines. I also had to switch everything over to a new fuel pump base plate and in the process had to replace the low fuel lever sender.

Two Questions:

1. Trying to check the fuel pressure. I have a pressure gauge with a T. I pulled both lines that feed into the injectors and put those on either side of the T. When I turn the ignition on, I should get the full 3 bar of pressure once the system primes, correct? If my understanding of the layout is correct, fuel is fed through one of the lines to one of the injectors, where it passes through another line to the other injector. From there, a return line goes back to the tank and meets up with the regulator, which feeds excess pressure back into the tank. As such, the pressure should be uniform through out the fuel lines that are external to the tank. Is that correct?

I'm seeing it jump to between 10-15 PSI and then immediately fall off.

2. Can someone verify that the fuel level sender is the same part on a 2 phase and 3 phase bike? I only have seen a parts catalog back to a MY2000 748, but my bike is 2 phase vs the 3 phase in 2000. The dealer said they were the same, but just looking for a double check again as that was the only unexpected parts swap (plastic nut broke on the original, new part is metal).

Bike will only very barely run.

If the pressure check is correct, then it could be a bad regulator (doubtful, I have swapped regulators already), bad pump, bad relay, clogged fuel filter, or broken line in the tank. Anything else you guys can think of? Thanks.