A 10 GPM, 1HP pump can build 164 PSI. As long as your poly pipe is rated for 160# or better, as most pipe is, it will be good. You have plenty of pump to run 40/60 is you want better pressure, and the 4.5 gallon tank is plenty for a normal single house.
The CSV usually goes in place of the check valve that needs to be removed as you have said. But replacing the bad tank with the PK1A kit you might want to elbow up and mount everything a little higher on the wall and then elbow back down to the pipe.