gotcha well im going to take it apart and see if its noticably not functioning right

do you think that if my rings are worn or whatever is causing my low oil pressure (barring its not my regulator valve) is my motor on the way to kickin the bucket

rings wont cause low oil psi. bearings will.

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i would just run it and not worry about it. the pumps are not pressure pumps, but volume pumps.

so is it a sign of the end of my 294xxx mile oil burner?

hard to say. might run another 100000

gotcha thanks man