According to the spec sheet, the M-series PFI pins have a pull-down resistor on the outputs. That would imply that you could connect your switch between +5V and the PFI pin.
Be aware that flipping a switch can involve making and breaking the connection many times in short period. You may want to look into de-bouncing the input if edges are important to you. If just the state of the input is important, you might not need de-bouncing.
John Weeks
WaveMetrics, Inc.
Phone (503) 620-3001
Fax (503) 620-6754
www.wavemetrics.com