This was a real common complaint in the '90s but I never ran into it on a 4.7L. It was caused by a defective oil pressure sending unit. The first thing you should have done was to measure the actual oil pressure with a mechanical gauge. If THAT showed low oil pressure, the first suspect would have been worn engine bearings. Oil pumps do not fail intermittently although a broken pressure relief spring can cause varying pressure.
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Sunday, September 6th, 2015 AT 8:19 PM