If that one is like the round engine setups, those ports are leak ports if the pump shaft seal goes south in flight — the fuel gets dumped overboard and outside the cowling. Believe it or not, the same setup is on the B25 R2600 1700HP with a pump that will flow almost 400GPH.
I recall another leak port too - same thing: make sure it’s not weeping on your preflight.
On preflight - make sure the overboard line is not dripping. That’s about it.
The current NA TCM 550s use a similar design, with 2 dedicated drain ports. Most of those TCM pumps include a mixture setup, and the turbo setups have a reference line to help control the fuel flow to some degree.
The 540s use the same pump (if they have the Romec pump), as would be normal in a turbo setup. Use the AUX pump on takeoff and landing/taxi.
Call these folks to make sure of what you have:
https://www.qaa.com/products/aircraf...omec-fuel-pump