This is what a pump is for. Speed and gravity effects are competely negligible. Don't know who told you this...
I doubt anybody uses Plan B, I think your diagram is incorrect. You show two parallel lines feeding the carbs, there is no reason to do this.
As I said, it is the most effective way of regulating the pressure to the carbs.
A downstream pressure regulator in-line with the fuel return is basically a variable orifice. It varies how much fuel passes through back to the tank. If the regulator is fully open (no restriction), then you'll have zero pressure. If it's fully closed, then you'll have the dead-head pump pressure. You want something in between. This allows for you to have the right pressure at all times, no matter what, since the regulator can quickly shut the orifice to bump pressure or open up the orifice to decrease pressure. That's what I mean by fast response time.
This also allows for constant fuel flow from the fuel tank, aiding in fuel cooling.