It will work, at least at low RPM. Install it if you want, then put a fuel pressure gauge on the fuel filter such that you can measure it going down the road. Make sure you aren't dropping down below 1 PSI or so at WOT.
I keep seeing flow issues with cheap electric pumps - about the only "acceptable" solution I've seen is someone using a high end Holley pump pushing a ton more PSI than needed, and a regulator at the filter/IP dropping it down.
I've tried a couple of cheaper pumps myself and had moderate luck - sure it'll keep 'air intrusion' from happening, but won't stop you from losing high-end power as the pump can't keep up.
Really, my opinion is to fix the underlying issue. This is usually leaky hose somewhere in the system, before the lift pump. OR, the lift pump isn't sealing internally anymore.
I also like the idea of adding a check valve to the supply side fuel filter to prevent drainback. This lets you use the mechanical lift pump(which, in testing provides a much tighter pressure regulation and much more top-end flow).