a) your stuff is in at my work
b) we can wire it up, no problem (I went to school for electrical stuff)
c) running a led, will let you know if the POWER fails, not the pump. I would recommend getting a pressure sensor, and adding a seperate gauge. Might even have to use a carb'd fuel pressure gauge, to read low enough values. We could just tap/thread in a sensor (mechanical or electrical) I BELIEVE they say those pumps are only rated for 500 ish hours. Which was reason I swayed away from one before and just got the under-drive to cut down on power loss thru accesories.
I will check out some sensors at work. I can probably wire something up so the LED will be bright when pressure is high, and off when pressure is low/off. That will save you from running another gauge (though that's def not as accurate)