Oil pressure always drops when the oil gets to working temperature.
It also depends a bit on what kind of oil you use.
How's you fueltank meter reading ?
Is it spot-on with a full tank ?
I've found that most dashboard voltage regulators don't give the right voltage pulse.
My fueltank meter always reads 3/4 full with a full tank after I change the dash regulator.
This also give lower oil-pressure and lower water temperature.
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Grtz. Ronald
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-1970 Mustang Mach1 'Twister Special'
-1979 Mustang Indianapolis Pace Car [under restoration]
-1979 Mustang Indianapolis Pace Car Go-Kart
