From the 700/900 FAQs:

"With engine off, the pump hot-wired at the fuel injection relay and FPR vac hose removed and plugged, pressure at the rail should be 43.5 psi. That makes it the equivalent of Wide Open Throttle, but with the FPReg feeling atmospheric pressure, rather than the normal vacuum of a running engine." Sounds like you're in the ballpark.

As far as the ignition, if you think the spark is weak, disassemble the coil/power stage and clean the internal contacts and all mating surfaces. That's a known failure point due to accumulated crud and oxidation. Cost = $0.00.