OK guys, I'm back with that report.
I pulled the Oil Pan and inspected the Bearings. I saw some slight wiping and scratches on a few of them... enough to decide to spring for new Main and Rod Bearings while I had the Engine out. I also bought an Oil Pump!
Honestly, I still don't know why my old pump was problematic but what matters now, is that after installing a gauge cluster to the Engine Dolly to monitor the Oil Pressure, Temperature and output from the generator, the Engine is now cranked and running very smoothly and oiling well with good constant pressure! HOORAH!
The 261 on the Dolly It cranks easily... and I'm happy with it! I'll run it just a bit more on the stand and I hope to install it in the truck soon... maybe next weekend.
I'm so ready to get the '59 on the road again!
The '59, my better half and me As always, thanks for the help.
Till next time!
Jerry