Steve,
Mel is correct. The EMS will work fine with your Van's resistive float senders in the tank. We have a calibration routine for these senders and it makes them relativley accurate (for float senders at least).
We don't use these senders for fuel flow at all. Fuel flow is an almost instant measurment that can't be done with the very rough resolution that the float senders have. The fuel flow sender goes in the fuel line after your fuel selector valve and reports a real, quite sensitve GPH measurment to the EMS, which we use to display fuel flow as well as calculate fuel used. As Mel says, this total fuel used number can be quite accurate over a tank of fuel.
In a sense, these two systems are basically independent, and they kind of back one another up. If your fuel flow sender fails, you still have the float senders, and if a float sticks, you have the fuel remaining from the fuel flow sender.
As an FYI, the fuel flow sender is not included in the EMS sensor package price and does need to be purchased seperatley if you would like it.