Ant, Whip the rocker covers off and check the rockers/shafts by all means but the oil pressure is developed at the bottom end ie. oil pump through the main bearings that's why the o/p switch is down there. So perhaps you haven't got away with changing the shells and a regrind is called for. Save your money and change the o/p switch, the old one could be full of gunk or try to find a proper test gauge. Good luck.
Cheers Alan...
OP switch is new....
The switch sits in the oil way leading to the block from there it through the block and diverts down to the crank and up to the rockers and the cam...
As we all know fluids like to take the path of least resistance, so now the bottom end is considered nice and tight, the next place pressure will escape from is the top end by the rocker shafts!
Pressure is not built solely on the bottom end, the system as a whole generates pressure, one weak point and the pressure will be lost there!
Really do appreciate everyones concerns regards doing the top end when it could be something else.
I measured the crank journals as best I could with a mic when I did the shells and they came up in tolerance according to RAVE.
As I said, when I got the car in June there was no oil pressure problem, just an oil leak from the front cover.
I replaced the front cover with another, this solved the leak but oil pressure was low.
So I replaced the Oil Pump gears, this lead to no pressure.
So I refitted the old front cover, and snapped the oil pump back plate, fitted the replacement back plate with new oil pump gears. Oil pressure was better but only if revs held around 2K.
Replaced Bottom End shells....Oil pressure returned, but now if idling for a minute or so, the light flickers on and off.
Sooooooo.....the thoughts are, the top end has been worn due to the period of low oil pressure before I changed the pump gears....
The shells were original and 18 years old....so were well worn before I changed them, even if the crank is a margin undersized, new shells will be considerably better than the old ones...so now the bottom end is relatively leak free, the next weakest point will be the top end!
Pressure will always find the next weakest point and leak out....it is now considered this weak point is the 18 year old rocker shafts and arms, cam and followers...
It has got to be worth a go....all this started when I changed the front cover....the car wasn't driven much after this due to the low oil pressure, and not left to allow the light to come on when it was driven.
If this top end refresh doesn't work, two things happen...you guys get a How To on changing the cam, followers, rods, rockers and shafts...and I then think about what to do next.
Owning an aging vehicle is a test of will and patience, I am learning a lot about the engine that I can pass on to others....by doing is how we learn...by giving up and moving on is how we fail.