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Welcome to the group! We're here to help.
USCG requires that the outlet of the gas tank be on the top. Inside the tank, there's a pickup tube that goes within an inch or so of the bottom. A bottom connection could leak gas, while a top connection will just leak air. USCG is big on safety so follow their guidance.
Boats of that vintage may have had a copper tube for the fuel line. Most of them have been changed over to rubber hose, fuel rated of course.
Did a licensed surveyor do your punch list? If so, I recommend that you follow it.
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