The oil pressure would concern me. Dealing with the aftermath of a similar issue on that. To quote Lakesonly on my debacle, "Ray, anytime you lose substantial oil pressure, shut it down, and tear it down". GT has some good questions as well. I run about 120-160 on Moo with headers, Pickle, with logs, 110-130 all day long.

Still trying to understand the "Cobra jet" manifold gaskets. These are not Cobra Jet heads?? What difference would THAT make?
Also, I don't think port matching in the intake side is of any real importance in this case. The 460 Ford heads are genereally very good on the intake side, it's the exhaust side that needs all the attention from what I understand. My D2OE's that were on Moo had substantial exhaust port work done, but only minor blending and contouring on the intake side. Considering the same setup using C9's and getting with Lakesonly on those. (Rivertard is challenging me I think for the Columbus Day get together! News at 11 on what I actually do. Shortblock should be ready this week...

).
If your oil pressure dropped that much, running like crap, pull the engine and at least have the builder take a looksee. Couple of hours to pull the engine, at most. Cost savings if somethings wrong and caught in time, priceless.
Ray