We can't automatically make this conclusion on the pressure drop; you gotta account for the possibility that the 2 separate gauges are reading differently; the one at the 'line psi' location just may be off.
From the data for 'oil psi', it is pretty obvious that you have the 50-ish psi relief spring with the present HV pump. So if the new pump is shimmed up to around 70 psi, then you ought to see a big change.