Not sure which engine you are referring too and whilst i dont know anything about "Peel" gas controllers, most Fuel pump relays really work like two relays, they have a Neg trigger feed from the ECU and positive trigger feed from the starter circuit, the ECU circuit from memory triggers the prime when you turn on the ignition, then the starter circuit takes over on the second relay once cranking. the ECU provides the safety circuit for roll over, it is triggered when the crank sensor no longer sends a signal to the ECU and the ECU drops its signal to the COR.
Anyway to answer your question I would keep both connections (although personally triggering the safety off the oil sender is not preferable but is a simple solution) unless you decide to do away with the safety. Alternatively pick up a second hand COR and wire it up properly.
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