I have the same problem with my 1FZ-FE. Oil pressure looks normal at idle but guage pressure shoots up to the top of the scale at 3000rpm. When I bought the 80 2nd hand, the oil was very black almost like it had never been changed, and there is a lot of black deposit on the oil filler neck under the cap, the inside of the engine must be coated in it.
It otherwise has not needed an oil top up in 3000km, idles smoothly and doesn't sound oil starved anywhere, no knocking or tapping noises. I tried engine flush 3 times already thinking a bit of junk might have blocked a passage, got a lot of thick black oil out each time, but still no difference.
My oil light comes on for about 2 minutes, about 1 minute after starting the engine, and then stays on until the engine is warmed up, the whole time the oil pressure guage registers right at the top of the guage. When warmed up the pressure seems to drop just below the maximum mark when driving at 2500rpm. At idle the guage is between the 2 middle guage marks.
Found this post to be most informative: -
"On the front USDS of the motor there is an extension of the timing cover near the crank pulley, inside this extension is the oil pump, on the back of the extension the power steering pump,
Looking from the bottom of the truck on the far USDS of the extension is a very large hex head it faces partially to the USDS and partially down, remove the hex head and some oil (less than 1 qt) then a spring and then the plunger will come out, you may need a pick or your pinky finger to get the plunger out (note orientation of plunger) put in the new plunger, then new spring, and then old hex bolt with new seal, torque to 36 ft pounds."
But what does USDS stand for?
I'd like to try and change my OPRV too, or at least give them a good clean out if the black tar stuff is clogging up the relief valve system preventing the valve from opening. Is there any risk of engine or oil pump damage if the relief valve stays stuck shut?