Before you go to the effort of pulling the pan put a reliable mechanical gauge in the oil sender hole to confirm or dispute pressure.
I think you will find lots of pressure or your would have scored a bearing shell hours of use ago.
The top end dryness may be caused by a cam bearing that has turned and will not allow much flow & pressure to the lifters and rockers.
Good luck.


1 1955 Chev one ton. 261 engine

3 1962 Chev c-10 261 engine
4 1966 Plymouth VIP 5.7 GenIII Hemi
5 1966 Imperial Crown Coupe 440 engine