bingo we probably have a winner. when you put silicone on the gasket surface between the oil pump and the block. The squeeze out will cause a restriction in the oil passage causing weird oil pressure issues.
Now another thing that will cause weird oil pressure issues is to much silicone on the oil pan mating surface. the squeeze out depart itself into the oil pan and get sucked into the oil pump screen causing a restriction.
The clearence issue will show oil pressure drop at high rpm's if the clearence is to tight the pump will cavitate and thats not good. you can check this with a peice of clay.
chris