I thought long and hard on that one. The aeromotive regulator I have is a really nice looking unit and it wouldn't look bad but I really wanted to try and clean up the engine bay. I went back and forth on this one for hours tonight while mocking up all the pieces under the hood. My conclusion below.
I thought of doing something like that myself but how would you ever service that or replace the fuel filter element without pulling the tank? Or are you just not that concerned with it?
While probably very minor I wanted to eliminate as many 90 degree fittings as possible so moved my filter just in front of the IRS where the lines go straight in and out and it's accessible. Your way is more hidden though.
After hours of moving stuff around under the hood looking for a layout I liked I finally abandoned the dual feed on the rails and out letting each fuel rail to the regulator. While possible it requires I put the regulator on the driver's side of the blower which is not that bad but I like it better out of site by the passenger's side shock tower. I could only fit it in there with one hose so this is my new layout pretty much (old pic from earlier in the thread... was one of my earlier ideas). That -10 supply will actually change to a -8 in the passenger's fender well just before exposing itself under the hood to the rail so all the lines look the same under the hood.
This layout will still flow a ton more fuel than I will probably ever use and if I ever do out grow it all I have to do is move the regulator and run a few new hoses. Not that big a deal.
That is the exact layout that I came up with, and how mine is already configured in the returnless setup. I wanted to get everything as close as possible so that all I had to do was run the return line, filter, and regulator to complete the system. I may upgrade the feed line too, but haven't committed to anything just yet. The only difference I will probably make is to mount the regulator somewhere on the driver's side. I am planning on using the Fore one, and since it looks so good, I won't care that it shows.;-)