They spec the oil pressure pretty wide range, should not be less than 10psi. Mine is around 30 - 40 depending on rpm.
Does the alarm bip when throttling up in gear? If not this may be a saftey warning as you should not run an engine at high rpms with no load.
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1997 Silverton 362, 7.4 Crusaders
1997 2400 SCR, 5.7 Vortec / Bravo 2
Mike
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