I just went through this fiasco. My Fuel sender, tank and fuel gauge were all replaced when the car was restored. The FG would read just under 1/2 tank when full. I grounded the sender, turned on the key and it the needle would quickly go to full, and no I didn't leave it on long enough to burn up the gauge. I purchased another F sender and tested it; it had all the correct ohm readings as per the FSM. I installed it and it still only reads 1/2 when its full. Now I am told the aftermarket gauges are not compatible with the aftermarket sender, as they operate under a different ohms!!! WTF why would you make something that doesn't work???
PS My aftermarket temp gauge does the same, the needle comes just off or cold when the rad temp is 190. It also goes to HOT when you ground the sender wire. I replaced the sender and I replaced the voltage limiter with a new Electronic unit, but it didn't help!