Re: different..from what im used to, pressure tank?
You have one of the early pressure tanks used by Evinrude and Johnson motors, 1949-50 ish. Commonly referred to as the Tall Boy Tank, or the Suitcase Tank.
Pumping the plunger does not pressurize the tank, it fills the carburetor so you can start the motor. Once running, the motor pumps air into the tank to pressurize it. Pressure in the tank then pushes fuel to the carb to keep it running. They are NOT any more dangerous than any other fuel tank.
Rochester also makes gauges. But they didn't make the tank.