Yes, any vacuum hose at all you can put on there should be fine.

My understanding is that the hose is not under significant vacuum or pressure. It is very non-critical. A very small amount of gas fumes may be exhausted by the fuel pressure regulator, and rather than just letting them vent to the air, they route that hose all the way to the engine air intake. I think it might even be on the upstream (atmospheric pressure) side.

When I replaced the fuel filter on my 2001 3.0i, I just replaced it with a new by-the-foot vacuum line because I was in there.

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2001 X5 3.0i, 203k miles, AT, owned since 2014