You can't use a pill in a check valve...the pressure will back up against the pill and you'll have troubles. Your pressure will be higher than what the check-valve is set to. Without a pill, a check valve is just a pressure regulator...until it reaches its flow capacity, then pressure will climb and cause trouble.
You could use a nice, bypassing style regulator and that would do the trick. There are a bunch of brands...just get a bypassing style. It'll have a return line.
I've seen folks use a large check valve (or multiple valves) set to offload fuel after the pump and return it to the tank. Using a -1 style pump (way too big), a friend used 2 ea. -8 check valves (in parallel, not series) both set to 5 PSI and he say his pressure is always 5 PSI.
Spud