Re: Oil Pressure
Seems not that unusual to me. My '96 4.3L will will show right at 70 psi at 2-3K RPM when it is cold. After cruising for 5-8 minutes the oil pressure will drop to the high 50s at the same RPM as the engine fully warms up. I get about 30-40 psi at idle (with some fluctuations).
30w Delo 400 and Volvo oil filter, both changed yearly.
Just my two bits,
johnbo