Actually, fuel does pass through the regulator. When you turn the key on, the pump pushes fuel to a closed diaphram. The diaphram has spring pressure behind it and once that spring pressure is maxed out, the excess fuel is returned to the tank by way of a return line.
To answer your other question, I always say, "If it ain't broke, don't try to fix it." And as far as worrying about your wife breaking down, I worry too...and I'm a mechanic!
You never know when a car these days is going to stop running....so we just do the best we can.
A friend of mine bought a new car and the dealer has had it longer than he has!
Again, keep me posted OK?
Russ
Russell S Wydra