Your assumptions 1-4 are totally correct, they use a forged steel gear to go with the roller cam FYI.
The stock 5.0L rockers bolt to the heads and just torque down, so if you have 5.0 heads, that's how it works (very different, I know). No need for guideplates and hardened pushrods with this setup.
The 5.0L is 50oz balance and I suspect the later model marine motors are as well, but I know diddly about boat motors.
All 70+ 302s and 5.0s used 4 bolt pullies, everything pre-70 used 3 bolt. If you need a 3 bolt 50oz balancer, summit has a summit brand 'stock replacement' for an 88 Mustang GT that has both bolt patterns.
For the mech fuel pump, you can either run your timing set or knock the eccentric out of te 5.0L and put in a longer one.
you'll NEED a steel gear to go with that roller cam, but they are pretty common and under $50
With a 2bbl it might run like crap since it's a pretty mis-matched combo, but then again I can never leave well enough alone either, so I'm biased.
