Re: Oil pressure light on Nissan/Tohatsu 6hp
One of two things is true: Either you are detecting actual low pressure, or you are getting a false indicator.
If the oil pressure is good (as shown on a mechanical "shop" pressure gauge), then the indicator circuit has a (possibly intermittent) fault. The likely culprit is the oil pressure sender. Senders can fail thermally (fail when hot), so that's a real possibility.
Confirm that you have the correct oil level. If the oil is overfilled, even a little, it can foam up, especially at higher RPMs, causing air bubbles in the oil system, resulting in actual low pressure. Not uncommon.
Intermittent faults can be very elusive, and quite difficult to pinpoint. Patience is required, and sometimes a few hairs are pulled out of the mechanic's head while trying to isolate the issue. That said, the oil light circuit is not particularly complex: The power is generated by the magneto and CD box (same as generating the spark), and the sender is a ground-out switch, that controls whether the LED comes on or not. If the power supply for the circuit were inoperative, the LED would not come on at all. So an LED that gives a false low-pressure indicator is likely either a wire shorted to ground, or a defective sender.
BTW, be careful using a small bucket for a water supply, as you can suck air into the motor, and burn up the impeller.