Bummer... So, UPDATE!! the weirdness continues. I decided sold some parts and decided that I would go ahead and change the oil pump just because it seemed like a sound thing to do. I opted to stay with the stock volume pump and purchased a new Melling pump. Got the pump stuffed in there, and drove the car. Very happy with the pressure gain the new pump has yielded. However there is still an issue. I can rev the engine all the way up to 5800 rpms and the pressure rises in a nice linear manner. But if i go to 6000 the pressure drops right off and settles at 20. Just like before, only now it at least has better pressure once it stops it's dive. It doesn't matter what gear I am in (first or second). I can immediately shut the engine off and re start it and pressure is normal. The shut off and re start take place over a period of maybe 6 seconds (while coasting). I am still pretty convinced its not starving for oil, but I am fairly stumped on this thing. I shimmed the relief spring just for the heck of it and it does the same. Could there be an issue with the relief valve behind the filter? Any ideas???
Dennis~