On my rebuilt 67 350, I use repro factory gauges. The lines on my gauge each represent 20 psi increments. My engine cold shows between the middle and next high line. As it get operating temp, my thermostat is 180, at idle the needle points and the second line, which is 20 psi, because the first line is with the engine off. Before I put the repro gauges in I had the dummy light and it never flickered or came on. I use conventional 10w30 oil. If this helps any, my pic is cold idle, I don't have a pic of engine hot.