As long as the HPFP is getting fed whatever fuel it needs (even if the pressure feeding it is, say, 10 PSI), it should be able to build full rail pressure. The only things that should be able to cause the rail pressure to drop below 200 PSI during a WOT pull are sticky spill valve or internals, failing check valve at the bottom of the pump, failing PRV (this is highly unlikely in your case), or fuel supply issues (basically, you're injecting more fuel than the ITFP can supply).