I’m with John on the oil pump. If there’s not a problem with the pump itself or the oil pressure, then you’d be better off not messing with the oil pump. You could potentially create some problems where there are currently none. And I’ve had issues with brand new oil pumps so this also something else to watch out for.
I will add that while rebuild kits for the spur gear oil pumps are not readily available, these pumps can still be purchased as complete new units from several different manufacturers. While new gerotor style oil pumps with either the iron or aluminum housings have not been available now for several years, Melling does offer the rebuild kit for these which includes new gears, relief valve spring, inlet tube seal, and O ring cover seal. The Melling number for this rebuild kit is K-56.
Here’s are some past postings on the oil pumps.
http://www.y-blocksforever.com/forums/Topic53480-3-1.aspx
http://www.y-blocksforever.com/forums/Topic44078-3-1.aspx