Just did this last night. Doing the lines were real easy. Like you said you can just cut the two rubber lines going to the rack and connect them with some of the metal tubing. Had no problems doing the lines including the one on the radiator, but couldn't get the pulley off, so I couldn't get to the pump. Its a 12 yo car so it's pretty rusted on and I didn't have the time to drop the engine out.I was just out looking at the lines. Looks like 4 of the holes are just 2 lines going from the valve body to the rack. So I would suggest looping the high pressure line (mack daddy hose to power steering pump) to the low pressure line (smaller hose to power steering pump. So basically, your just using a spare piece of rubber hose and connecting it to the 2 lines/holes the go TO the power steering pump.
If the LORD allows me, I'll do this on the weekend and post pics.