That makes sense to me. It seems that the only place for air to enter the bowl would be from that opening. It doesn't make sense to me either. I see the value of having a place for excess fluid/vapors/even air to go after visiting the injectors. It keeps everything moving in a loop from the combustion end of the tractor to the fuel storage area. Why it needs to connect back to the filter assembly doesn't fit.
I can temporarily shut off that one section of the return line (the section running from the filter assembly to the "T connector" with a hemostat (a medical clamp). And then run the system and see what happens. If I lose power after several minutes of mowing, then I'll know that somehow that one link in the system is essential. If, on the other hand, the bowl stays full and I don't lose power, then I may have my answer. Sometimes I wish that the New Holland engineers who design these systems would visit a site like TBN to explain their thinking.
Fortunately, if this fixes the problem, I can return to the pump to Messick's as long as I haven't opened up the packaging.
No matter what, when I do solve this problem I will be sure to post the fix, as it seems I am far from alone in trying to address it.