The only way to have a return system (where ALL of the unused fuel is returned to the tank) is to use a return/bypass style regulator like these:
http://www.robbmcperformance.com/products/regulator_bp.htmlhttp://www.robbmcperformance.com/products/regulator.htmlAdding a "bleed" or "vapor return" to a dead-head regulator like you have done is not a bad idea but it is not the same as a return/bypass system. Still, adding a bleed to a dead-head will eliminate pressure creep at idle and reduce the chance of vapor lock. However, it does little for the pump.
The only problem I see is that your bleed hole is probably too large. I would like to see something between .025" and .040" in diameter. Any bigger just costs you excess volume with little extra benefit. If you reduce the hole from .095 to .031 the pressure will probably drop about 1 psi less at full throttle but you will still get the same benefits of a bleed.