Hello Larry,
Me again.
I would suggest that you go ahead and remove the water pump housing and regasket/reseal it. It is not that big a deal, especially since you have a non-stock fuel line in that area.
Simply loosen the alternator, remove the belt and unbolt the three bolts holding the housing in place. The gaskets you will get from the Big Three vendors are all pretty cheesey thin paper gaskets. This would be fine on close-tolerance fitting metal but many water pump housings (and blocks) have seen a better day due to rust so the tolerances are not that close. I would suggest getting a new gasket and tracing the pattern on a slightly thicker material. Believe it or not, NAPA aften has basic gaskets that are superior to the vendors mentioned. Above all, when you seal the new gasket, use Permatex Aviation Sealer, the thick brown sticky liquid gasket sealer that seals oil and water very, very well. I personally would avoid using Teflon tape, but that is a matter of preference. You can put a fair amount of torque on the bolts when you replace them but remember that the threads are not that deep and you are limited on how much grip you will get. The whole process should take you about an hour, believe it or not. Good luck.
Bill