With the potential catastrophic failure of the CP4 (the "successor" to the CP3?!?!) some have removed their CP4 and replaced it with the CP3. I don't know what all is involved, but there must be a number of DIY descriptions and maybe videos. Since I have an LLY with the CP3, I haven't studied the CP4 issue that closely.
GM thought it was an ok idea for the CP3/CP4 to suck diesel all the way from the tank, through the filter, and into the pump. Some have claimed that it's extra work for the CP3/CP4 pump that should be corrected by adding a lift pump, ideally near the fuel tank. For the older trucks, a common issue is for the line to develop a small leak and you lose prime. It's not fun if you have to prime it every time to get it started again. Without a lift pump, the fuel lines are under suction and tend to suck air in, and not fuel out, making it hard to find the leak. In most cases, a lift pump will prevent the problem (or, as some claim "cover up" the problem, but I'm ok with that).