I wouldn't try to reinvent the wheel. Radium has several products out there to handle the issue:
http://www.radiumauto.com/Fuel-Pump-...Z86-P2108.aspx
http://www.radiumauto.com/FST-R-Fuel...-FPR-P348.aspx
I have a radium surge tank mounted in my trunk and have run the tank completely dry on track. I didn't experience any hint of fuel starve until just a few turns before I completely ran out of fuel. I had a small bobble on corner exit that felt weird, then BAM completely out of gas 3 straights later. had to get a tow truck to pull me in. (at least I took the checker before I ran out of gas.

)