The guys on the John Deere Forum below might be able to give you an estimate to overhaul your 60. Copy and paste your last post over there.
Depending on your location, I would think you should be able to find a good replacement 60 for between $1500 to $2000. Move the best tires, battery and maybe sheet metal to the tractor you will keep. Then sell the 60 with low oil pressure for $400 to $800.
If you decide to fix your tractor, I would rebuild/replace the oil pump first and recheck the oil pressure before investing in a full overhaul. It's a long shot, but you would want a rebuilt oil pump as part of an overhaul anyway.
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