The oil pressure may be perfectly fine. half way running is ok... in the red when reved up is NOT okay.
In the red at idle may or may not be okay, but if the oil light is working and staying out at idle, I would assume that the pressure is very good and okay. The red light will be set for just below normal idle pressure and its telling you that your okay. It will NOT put out 50 lbs of oil pressure at an idle and NEVER would.
As others have said.. check for correct type of oil for the temperature your operating in. Also check for "extra" oil where diesel fuel is getting into the crankcase and diluting the oil. This can cause the bearings to fail. If the oil level keeps going up, your getting either diesel or hydraulic fluid into the crankcase.
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Today's Featured Article - Gettin My Old Tractor Home - by Clayton Sweeney. My name is Clayton Sweeney. I am from Southern Maryland in a small town called Lothian. I am 20 and my father and I are the proud owner of a 1954 Allis Chalmers WD-45. When I was 18, I dated a girl in the next county over. Her family are tobacco farmers. It was a cold Thanksgiving evening, and we were going up to her Grandparents house. As we passed one of their barns, I noticed something orange in the corner of my eye in this old shed. It was pretty dark and I asked what it was
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