My answer is yes you can.. there are guys who say there cannot be head pressure at the return (meaning weight of the fuel). I am not one of them. In fact, it's going to exist with a second port in the sender to some extent. Also, even if the light restriction of pushing fuel back into the tank was noticeable, you are bleeding off pressure above 60 lbs per square inch or so or so, so the minor pressure back should not affect the regulator.
I do try to drop the return fuel into the tank if I can, but sometimes you just can't. If it's easy, go for it