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I recently (actually in process) of doing the same thing. My holley red fuel pump just arrived today wich I plan to run with a low pressure regulator.The regulator was 25 bucks and I bought the pump rebuilt on ebay for 40 bucks incl. shipping.The only reason for my swap is because I'm using a fuel cell instead of the stock tank and I feel more secure knowing that I can stop fuel flow with a flick of a switch. The other reason is that my comp. ratio is about 12/1 and I'm running dcoe's, I was a little concerned with fuel starvation with the stock pump. If you plan on keeping the stock tank it might be hard to find a good spot to mount the elec. pump because most manufactures recomend that the pump be gravity fed i.e. below the tank. Anyways is you 142 running, what year is it? I live across the river in vancouver and was wondering if there were any cool vintage volvo clubs in the area. Well I'll probly see ya around.
Aaron
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