most people say stay away from braided lines because you cant tell if there has been any splits etc, the filter is fine where it is (it needs to be on the low pressure side of the pump) You can however move it under the tank if you like, make sure you drain the tank as well....dont just get stuck in and have a load of petrol dump on your face, its not nice...trust me!
Oh and use proper fuel line clips, not jubilee clips.