Alan, you sold me. It's time to remove the bulb and put in a proper priming pump. I just want to make sure I understand your diagram right. The "fuel rated Y valve " works as a diverter when priming? I would divert the fuel from the engine back to the tank to bleed the system and then turn the valve back to run the engine? Can you recommend a suitable priming pump? I plan to use it with a switch in the engine compartment. I am looking at the Facet Cube 12v Fuel Pump, 3/8 NPT, 4-7 psi.
I'm glad you are going to implement this system. You will really, really like it.
When I need to prime my large Racor 500, I set the diverter valve so that the fuel that is sucked (not pushed) through the Racor flows into the "tee" that taps into the fuel injector return line. This line is simply connected back to the tank and dumps the fuel straight into it. When the filter is empty and you first throw the switch to energize the fuel pump, you will hear the pump click rapidly as the empty filter fills up. Once the filter fills up, you'll hear a noticeable difference in the sound of the pump, telling you the filter is full. You can let it run a bit longer if you want, because all it is doing is circulating (and even somewhat polishing) the fuel from the tank and back into the tank.
After the Racor is primed, you will set the diverter valve to direct the fuel from the tank, through the Racor, and then to the engine. It is at this point that you can use the bleed points on the engine to remove air from the system. The fuel pump is sending fuel to the engine under pressure--just as would have been the case if you were squeezing your primer bulb. With the pump energized, crack open the various bleed screws in order to check for bubbles. Once you have solid fuel coming out, tighten down the bleed screw, leaving the pump still energized. Go to the next bleed point downstream, if there is one, and take care of that one. And so forth.
Once all the bleed points are taken care of, shut of the switch (which you would have located conveniently in the engine bay) to de-energize the pump, leaving the diverter valve where you have it, i.e., sending fuel to the engine. Done!
Here is the pump I installed on my Yanmar 1GM.
Hope this helps,
Alan