oil is the blood of an engine. the journal bearings of an engine rides on a thin supporting film of pressurised oil (imagine a hovercraft riding on a cusion of bleeding air).
the oil system is basically a controlled leak.
the pressure of oil supplied to any journal bearing is determined by:
a- main oil supply pressure (after the pump & filter but before the first orifice)
b- how much pressure has been lost (leaked) to the earlier bearings further up the oil stream
c- the clearance between the two bearing parts (tighter the tolerance - higher the pressure. like a finger on the end of a hose)
without adequate oil pressure on any specific journal bearing, the film of oil cannot support the forces of the two rotating parts and so they contact and wear away more material = bigger clearance = less pressure and makes it worse.
most oil pressure sensors are measuring from point A.
a lower than normal pressure reading at operating temperatures could mean either:
1. (assuming bearing tolerances are good) the oil supply before the sensor is insufficient (ie pickup starvation, worn pump, faulty oil regulator, blocked filter)
2. (assuming oil supply side is good) the combined bearing clearances and any other orifice is too much, leaking alot of oil and losing pressure.
3. or both