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

OK -- all good guys -- let's not bury the answer. I just wanted to update that I finally fixed this with help from Team FABO. Anybody searching this problem in the forums should know that the stock pickup has to touch the bottom of the stock pan for it to work right.

Also -- it's nice to not be timidly crawling out of corners scared that the pressure would drop. Now I'm confidently accelerating out of corners with all that stock 2bbl 318 power (lol)!