Lurker,
Wouldn't like to say precisely how bad it has to be but it most definitely does sump off in flood.
Local forecast for Saturday is as follows:
Cloudy with outbreaks of rain during the morning, but rain becoming persistent and heavy during the afternoon and evening.
With regard to your specific query (Ankle-Grinder Bypass), I honestly do not know that part of the cave well enough to advise you one way or the other. If the forecast is correct, I would say it will probably sump off at some point but I could easily be wrong. If it does flood, the water levels will eventually fall and the sump will open up again so it really all depends how long you are intending to spend on the other side of it. Forecast for Sunday is for more showery conditions, so it could be that you wouldn't have too long to wait but there is no guarantee that will be the case. Hopefully, someone else will be able to give you better advice than I can. Have a good trip, whatever you decide.
On a more general note, the forecast is so bad that I will not even be considering going anywhere the least bit flood-liable this coming weekend. But, then again, I'm not very adventurous and do tend to err on the side of caution.