The gage could be off, but I doubt it. The pressure will go to 0 if I sit and idle for too long. It has stalled once before on a very hot day after it was all warmed up. I sat and let it cool off for a while and was able to start it back up and drive home. Where it's really evident is after a long cruise it will sometimes sputter upon WOT. Like its clearing the vapor out of the system.
I suspect that the carburetor isn't using all the fuel supplied from the pump, so it gets too hott and drops the pressure... Maybe some jetting and carb adjustments will help but I think a return line will be the only solution, especially with the hot summers here in Houston. My drives are generally short enough that its not a real troublesome issue but it still would be nice to be confident that it will be fine on long cruises in the heat