After reading through past forums on this topic I have concluded the following:

1. it may help with vapor lock during summertime restarting
2. it should help with starting after truck sits for an extended time
3. there needs to be an oil pressure switch to prevent operation if ignition is on and engine isn't running
4. mechanical pump needs to be removed and a blocking plate installation is necessary
5. I assume it should be wired in with the ignition switch

Any corrections, suggestions, or additional information regarding the installation of an electric fuel pump on my 50 Chevy pickup will be greatly appreciated.