Just want to point out my own experience with a mechanical lift pump on my '93 with factory turbo, and RD2-110:
Measured after the filter, I saw 4 PSI at idle, 3 at WOT, and it stayed within that range the whole time I was driving.
Considering how stable that pressure is, I'd say that's what we should be aiming for here - and it might be as simple as getting a bigger, high pressure pump and putting a large return-type regulator on it regulated to 2-4 PSI or so. That way you just return a ton of fuel at idle and less at WOT, but keep a steady(low) pressure. As an added benefit, keeping a decent return amount will also keep the lift pump cool and keep the fuel cool as well.