Just to be clear, you are opening the T valve several turns when checking for fuel? You need to turn it like 5 or 6 times to open it up, it is like a needle valve.
Also to clarify, the OS and the CPS work together to provide timing to the PCM. The OPS only runs the LP, but dont even be concerned with the OPS at this point, it only matters after the truck is running. While cranking the LP is powered by the LP relay, a separate parallel power source only when the ignition is in the start position. You dont have to crank to get the LP to run, you can put the truck in gear then turn ignition to start, it wont crank but will run the LP.
I assume that the truck still won't start even with the new PMD. First thing I would do is pull the fuel inlet off the IP and make sure fuel is coming out there. Are you sure there are no stored codes? Did the SES light flash 12 repeatedly when you jumpered A and B on the OBD1 port? Or maybe 13? Make sure you have voltage with the ignition to the PMD and the Fuel/Engine Shutoff Solenoid (tall cylinder sticking up) on the IP. If you want to eliminate the ESO solenoid on the IP as a possibility you can unplug it and spin it off, with a snap ring pliers you can remove the snap ring holding the plunger in and it will fall out. Then the plunger cannot stop fuel from reaching the injectors if it ever was.
If you know how to use a multimeter and read this thread, I explained how to test if the IP is actually getting the right injection signal.
http://www.thetruckstop.us/forum/showthread.php?23904-jump-A-B-13-not-12-Poppet-Valve-IP-Question
This person eventially came to realize he had some bent or broken pins in the PMD cabling connections that was preventing him from getting the proper signal to the IP's fuel solenoid. Another possibility is that the fuel solenoid harness is broken at the IP under the rubber boot. You should be able to test continuity on the PMD harness across the fuel solenoid and get a low resistance reading through its coil. All the needed info is in the above referenced thread.