I haven't done the swap, but I know people have used later tanks without major problems. I want to say there were actually 3 different tank sizes? My memory is crap these days. To go to the next larger tank size, I believe all you need are some longer bolts for the straps. The straps, technically aren't long enough, but the longer bolts will make up the difference. Part of the issue with modifying to the later/larger tanks is that in order to fit the extra capacity, the trunk floor was redesigned. With early fox mustangs, you will need to make some room. The quick and easy way is to massage it with a hammer. If you're careful and crafty, it probably wouldn't even be noticeable unless you point it out. Oh... and if memory serves me correctly (it doesn't), thecclearance issues are for fitting the 86-93 efi tanks in the early cars.
The mid 80's cfi setup also used an in-tank pump, along with a second external pump. I'm not sure if you would be able to use a pump in those tanks that provide the psi/rate you need. I do know that those pumps should be perfect for a carb setup. Just use the in-tank pump and not the additional inline external one with it. I'm going to try this on one of my project cars soon.
I'm not a fan of reusing the old fuel lines. If I'm replacing fuel lines, I just go ahead and design my own setup. My last one used a sumped tank, inline Holley pump, and braided line with AN fittings. Nice setup, except for the unbearably noisy pump. Sounds like a race car though lol!
In my job, I deal with a lot of pumps, pressures, flow rates, etc. I've come to the conclusion that pressure isn't dictated hy the pump. A pump may be a limiting factor, but restriction in the line is what creates pressure. A regulator will control pressure, but basically just by restricting the flow. I have seen the later efi pump assembly modified with a larger line. I figured they would have an upgraded pump these days that uses the stock hangar assembly but has larger lines. Do they? Anyway, if you can use one of these setups, in-tank is definitely the way to go. It's worth the headache.