bypass tank selector valve?

[demok83]

Hey guys. After trying to figure out my non working fuel gauge problem, i realized that the previous owner has bypassed the tank selector valve. He is running the fuel line straight to the fuel pump. The charcoal canister has been removed, and he installed a new fuel pump with no return line. My question is this: if I spliced the pink wire (gas gauge) with the pink/white wire (sending unit driver's side) together, would this make my fuel pump read correctly? I am sure the tank selector valve went bad, and he just decided to bypass it. Should I buy a new fuel tank selector valve even though my fuel pump has no way of returning? Your thoughts???