I also have a switch for my electric pump. I actually sometimes have to switch it off in cruise because the pressure is running consistently in the yellow with both pumps working simultaneously and with a full tank. I can't recall the exact numbers but without the electric pump running I usually see the pressure in the mid green range when in cruise, 4-5 psi maybe.
I had experienced low fuel pressure early on only when in consistent WOT long climb outs due to a defective pump (my bad, not the manufacturer's). Back then the pressure would drop below 2psi and the engine had slightly less power/rpm but maintained the climb. The power loss was very minimal though, so you might really be able to feel it if you are not closely watching the engine parameters.