with all pipes connected to the pump, makes little difference.. pressure of the liquid in the system should be the same everywhere.
In theory, if set up well, you will only be using more fuel if you have your foot to the floor.
I'd expect better consumption around town.... you will have more torque at lower rpm so that throttle won't be as wide open all the time, less use of accelerator pump type actions, you will run at lower rpm when just driving A to B and make better use of your gears.
Or
you could run a distribution block and 3 lines.
or you could run "two tail" banjos on front and middle and a single on the back one.
or you could set up a return and have the regulator with return line as the last thing in the system before going back to the tank.
each needle valve will have the same "leak" into the bowl of its carb,
pressure in the liquid fuel should be the same at each carb regardless of the pipe configuration.
Its not a big enough "environment" to have proper areas of low and high pressure. The pump does its job, doesn't let it happen.
This style or similar, a bit of hunting will find some for your model
H2 SU Carb Float Chamber DOUBLE Inlet Banjo + Bolt for MG TB Midget 1250 1939-40 | eBay
having said all of that
I run webers off a standard slant 6 pump, 3 carbs in a row, one fuel line with 2 tail banjo on the front 2 with no regulator and have never had an issue. I have not worn grooves into my needle valves, they have not chattered themselves to destruction, and my fuel bowls don't overflow... Although many people told me it would be the case.
lines with proper hose clips and modern auto store EFI fuel pipe. I can see if the pipe deteriorates when its not encased in braid

. I Could have gone all fancy but really no need.
The standard pump self regulates and cares not one tiny bit about the dead headed system.
The OEM chrysler Australia set up for the weber DCOE carbs used a slant 6 pump and the diaphragm, springs and valves out of a 318 pump. presume they did that for volume/delivery stronger spring BUT bigger valves...dunno if that impacts pressure and volume or just volume. i have had no problem with an Australia sourced slant 6 pump
your set up will have similar consumption and needs
Webers are supposed to be at 3-4 PSI
my crappy holley regulator, in pic below (my head was turned by internet chatter on the subject) still in place and disconnected... more trouble than it was worth
a lot of the time the pressure is mentioned because of the prevalence of electric pumps that hammer out way more than 5 PSI all the time, even at idle... then you definitely need a regulator......you are hammering the carbs like you were doing 4000 5000 rpm all the time
i'd personally be hanging onto the cash, aim for a basic set up, less to go wrong, and if it comes to light that you need a regulator, spend when necessary.
OEM use of SU and weber rarely had a return., rarely had a regulator
they either used a mechanical pump or they adjusted the clicking, points based, SU electric low pressure pump to achieve the right volume. its the flow that counts the correct size needle valve and a pump that can keep up for the rpm you engine is turning
needle valves the same size as a 4.2 jaguar might be the key....