[FC] Wiring Electric Fuel Pump/Safety Switch

[ROBERT WILSON]

Hi All; 
  
I have decided to convert to a universal electric fuel pump and oil pressure safety switch.  I am tired of all of the mechanical pumps I buy eventually leaking. 
  
Can someone confirm if the below is correct, or advise me on how to wire the pump/safety switch?  The switch has three terminals: P, S and I: 
  
-Positive wire from the pump is run through the tunnel and connected to the P terminal on the oil safety switch. 
-Existing oil pressure warning light is piggyback wired to the same terminal above 
-S wire is run back and attached directly to the starter solenoid or piggybacked to the wire going to the solenoid terminal on the ignition switch? 
-I wire is piggybacked to the wire going to the ON position on the starter switch. 
  
Also, will the electric fuel pump help with hot starting issues? 
  
Thanks, 
  
Scott Wilson