Apologies for the late response. I agree that the pump can deliver around 70psi but it doesnt operate at that. Bentleys says you are looking for 51psi with the fuel pump jumpered ie. engine not running so there is no vacuum. When the engine is running the vacuum on the FPR reduces the pressure. So yes you are looking at about 43 psi.
The quick pressure loss obviously isnt good and needs addressing. But IMHO you have the correct pressure when the engine is running and thats when you are experiencing the problem
I think you originally said it was
deceleration to idle hesitation and wonder if you would clarify what exactly happens?