Glad the new job is going well. Yeah, the OT sucks when you want the time off, but that's not as bad as when you need it and don't get it.
This is a hydraulic cam engine? With the valve on its seat, can you push on the pushrod side of the rocker and depress the plunger in the lifter or does it feel like huge lash? Rotate the engine as if you were lashing valves and check all of the lifters this way. If you have debris flowing through the engine, it could end up in the lifters, causing the plunger to freeze or even blocking oil flow to the rockers. It can also get into the oil pump’s pressure relief bypass, causing it to stick which might be the cause of your oil pressure being tacked at 80PSI.
For all of these above reasons, I no longer run an oil filter system with a safety bypass. Knowing how much debris you are finding in your oil filter, bypassing any oil will send debris to the mains/rods and the lifters of cylinders 1-4 followed by the lifters in cylinders 5-8. I once lost an engine because of debris from a failed distributor gear bypassed the filter element altogether and went directly to the mains. Looking at the pics in Reply 58, I see that you are running a stock style filter in the block. I am not sure what it takes to remove the oil filter safety bypass in a Ford, but IMHO, that is high on my priority list. Knowing what I know now, I just can't bring myself to not do that.
Keep in mind that pressure is the result of resistance to flow. If you are seeing more pressure than usual, there must be increased resistance (blockage) to flow. Attached is a schematic of the BBF oil galleries. Looking at Reply 59, I see that you are tapping oil pressure for your gauge at the stock location in the rear of the block; at least you have a sending unit installed there. If you are seeing pressure at that location, you should be getting flow to mains and lifters. If you are tapping in at the oil filter, it is possible that you do have a blockage.
It is important to find the source of the debris. Something is going on that is causing it and it will not just go away until the engine does. If you will trouble shoot further, trying to get oil to the rockers, I suggest using a priming tool rather than running the engine.
Good luck,
Joe