What's with this oil pressure?
I am burning oil and was planing to rebuild my 383, but does the oil pressure has anything to do with a bad ring or bad valave (Reasons I'm thinking I'm burning oil).
Thanks for all your help in advance guys, your comments/opinions will be greatly appreciated.
Red line high or red line low?
Oil pressure depends on the pump, bearing clearances, and lifters. If any of those are too loose, it'll show as low oil pressure. Have anything 'different' in the motor?
I had a pressure issue in my LS1 car. The small base circle cam didn't work well with the solid roller lifters I was using. The lifter oil gallery was leaking past the ring on the lifter. Switched lifters to a different brand and boom, there was the oil pressure.
My Fiero motor did that when I first got it. It ran fine when cold, but when it warmed up, oil pressure got pretty low and there was a small audible knock. I dropped the oil pan and replaced the very worn rod bearings (15 bucks worth of parts), and that was 5k+ miles ago. Oil pressure is up at normal levels now and no knocks are there to be heard.

