Short answer - Yes. That thing you refer to is used to cool the fuel returning to the tank. They do this because the fuel tank contents would be gradually be heated up since it circulates through the hot fuel distributor then back to the tank.

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I got too many cars!! Insurance eats me alive. Dave

78 Corvette Stingray - 3k
82 242 Turbo Volvo - Manual - 270k
86 300e 5 speed manual - 210k
87 420sel - 240k
89 560sl - 78k
91 420sel - 205k
91 560sel - 85k
94 GMC Suburban - 90k
97 Harley Davidson Heritage Softail - 25k
00 GMC Silverado 1 ton 30k