Oil pressure
If oil pressure stays high throughout the RPM range, I would suspect a bad oil pressure sending unit or electrical anomaly which isn't a big deal.
I have heard that they aren't the best units but I have not had any probs. They are also easy to replace.
The temp issue is another thing. If you don't suspect a legitimate cooling problem, try replacing the sensor (cheap and easy). But I understand you trepidation.
Good luck.
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1988 GT Convertible
331 10:1 TW heads, GT-40 intake, MSD, TRW flattops, B Cam w/ 1.7's, MAC exhaust, 24's, 70 TB, 76 MAF, 3.73's, Pro 5.0, Koni's, Anderson PMS, Wideband 02, yatta, yatta...
One week with new motor, two speeding tickets...joy
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