Cracked Fuel Hose in '91 940 Turbo Automatic w/ 210K miles

[Jeffro]

While replacing my fuel filter, I noticed the tubing where it connects to the filter was split and there some fuel leakage. On looking to replace this tubing, I was informed it was a dealer only item and would run me $115 for the roughly 6 ft of hose plus an additional $50 for the small 4" hose that connects the pump to the filter (I had to cut this to remove the filter as the bolts were rusted in place)

I'm usually gun ho to make redneck modifications that save me a bit of money, but I'm have some reservations on the fuel line. I'm being told by some auto savvy friends to simply buy 6 feet of fuel hose from the local hardware store and clamp it down on the fuel filter as a replacement to the astronomical dealer item. They admit that it will dry rot within 1-2 years but it's an easy and cheap fix.

Any thoughts?