Slant Six Oil light coming on — need a new pump?

So what's the consensus on that mysterious spring in the filter nipple? Leave it be or pluck it out?
It was part of the stand pipe. I believe. The check valve that "tries to keep oil from running out of the filter. They never really worked that well that I saw. Plus, most modern filters have anti drain back valves. I run Motorcraft oil filters, because they are very high quality and made in USA. FL1A fits the slant 6.