not sure about the olds, but 350 chevies when they went to multiport
require about 44psi to do the injection thing, if it gets much lower it won't inject.
the pump can sound fine, put out quite a bit of volume, but if the pressure is low, no dice.
a quick test i do on these systems, for a weak pump
once the engine is running is to hit the guage bleed valve on the tester
if the engine continues to run with the bleed losing fuel, the pump is good, if on the other hand i hit the bleed and the engine stumbles and dies, the pump is tired.
and of course replace the filter first, with the alcohol/oxygenated fuels being swapped in and out seasonally we end up with clogged filters every spring and fall when the change the formulation.
fwiw
i don't know what the minimum fuel pressure should be for your application, in order for it to inject, but i suspect it is north of 40psi, but maybe not,,, in any case i would change the filter and see what that does,
still no start check the pressure and compare it against the minimum standard, if it is too low...
find the return line from the engine to the frame, and pinch it off and see if the pressure spikes higher, if it does then you might have a fuel pressure regulator problem
if on the other hand it does not come up well over minimum, the pump is tired.
bob g