I'm in the same boat. I need to drop the oil pan to make sure there isnt something wrong with the pick up. if it check ok then time to drop in the spare motor......
I think its time for a new motor. The oil pressure isn't as good as I'd like it to be anyway. And its got some wear. I've seen deals for a referbrished 302 block for 600 bucks. Are these good deals? Maybe I can swap my parts over to complete it. While I'm at it put some alum heads.