Gerald,
I like the $$ sound of that suggestion. I assume this works because the bypass is a vertical path which air bubbles would preferentially follow.
When we installed a spin on fuel filter this year, in place of the tiny inline one that had been installed as OEM, we also added a extension line to the fuel bleeder valve so its output could be directed into a container rather than the ground. It would be a relatively simple matter to further extend this to do as you suggest.
Thanks for the idea,
Joel