40 Is fine. It drops for an instant under accel as the injectors dump fuel and the vac is low, as the vac come up the pressure comes up a little. The 50 is a little high, spec wise, but the car has plenty of correction to get the right fuel air ratio. It will run the same, as long as you have over about 38#. Many gauges are a little off. If the pump /check valve holds the psi for the 20 min test, runs quietly and builds hot pressure fast, it is OK.
The hot pressure, affects hot starts, along with some injector leak down.
I doubt that the car wil run any different with a new pump.
If it is 20yrs old, change the pump, filter,injectors.
pS my book says 43+-1