After doing a bit of reading and talking to friends who have done the same, I've decided to install a Racor pre-pump fuel filter on my 99 Ford. While it has gone 231k miles with nothing more than the factory valley mounted fuel filter, I figured a little more protection cant hurt. I plan on keeping it until the frame gets to the point where its not structurally sound (I had mentioned before it was quite rusty in two areas, I plan on coating the rust in either fluid film or used diesel oil as needed). There is a kit made by Racor specifically for the 7.3, with either a 2, 10, or 30 micron filter, and then theres a kit made for gas outboards that is recommended by the guy who owns PowerstrokeHelp(many videos on youtube powerstrokehelp.com). I'm undecided on which one I should run.
http://www.parker.com/parkerimages/Racor/7570%20(7.3L%20Powerstroke%20Products%20-%2007-08-2005).pdf
this is the one made by racor for the 7.3, its under primary fuel filter mounting kit