Your fuel shutoff will most likely be at the bottom of the tank. Also look for a drain in the tank that can be used to drain off any accumulated sediment and water before it goes to the engine. There will also be a drain in the bottom of the filter tower which may have plenty of crud in it. Once you drain the filter tower, you will have to prime it all back up.
You want the have the throttle at the shutoff position while priming the filters. The large knurled wheel on the front of the filter tower is to bleed the air out after you get the engine turning over. There is also one just below that level on the side of the housing which will let the air out below the filter holding plate, but it has to be opened with a wrench. Once you get all the air out, open the throttle and give it a go.
You might want to have a plan for what to do if it runs away from the rack being stuck. A small piece of plywood at hand and take off the top of the air filter so you have a convenient place to clap it on the pipe to smother it is pretty easy. Also nice to have a 3/4" open end wrench handy to loosen fuel lines at the injector pumps if smothering it won't stop it completely.
Or you could open up the side of the injection pump housing and check to see that the rack moves back and forth and all the pump plungers move up and down as you turn it over with the pony before you actually try to start it.
What kind of fuel pressure did you see when you turned it over with the pony?