The Reg is behind the motor mount on top. My guess is you have a 30 psi system.
Could try to pinch closed the return fuel line going back to the filter. Do this without the motor running just cycle the key. What your looking for is to find out if you can get the pressure to go up to 50 psi briefly. If pressure goes up then your pump is good and its the Reg.
Okay I will check that. Currently I am dealing with a disintegrated impeller. Water pressure isn't good at my house not sure if that's a factor. First one was jammed up and the belt wouldn't rotate. Had been meaning to replace the belt anyways so got a new one and still nothing. Pulled the water pump installed the new impeller and almost immediately all the blades blew off of it. Never pumped any water even.
This isn't the first one I have replaced. Seems like every time I try and run my boat at home I have to replace the impeller. I bought a whole water pump kit again, don't think I'll even try and start it at home again, I'll just run it at the lake tomorrow.