408 oil pump questions

Yes. You can only pump the amount of oil that totals your usage and leaks.

Sucking the pan dry is a myth. Unless the heads hold oil.

If you are using a stock pan and pick up, the strainer MUST touch the floor of the pan when you put it together. Do not make it 3/8-1/2 inch away from the pan. That is wrong.

That will be the plan then. I will use the same pan and pickup so the location in relation to the bottom of the pan won't change.