Occasional Oil Pressure Light for 2-3 seconds in my 318. Should I panic?

Good. I saw where you resolved the issue. That's good. Is it still resolved?
Still resolved. Filled with 5 quarts (just hits the top line on the dipstick). I did about an hour of mixed driving with a few hard curves today and didn't see the oil light come on except for the ordinary momentary time it's on after starting it cold.

The moral of the story: In the stock setup, the pickup has to touch the bottom of the pan. Otherwise, you may momentarily lose pressure when the oil sloshes around.

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