10-15 is normal, I would be concerned about the 5 psi. The oil is pressure fed through the cam bearings to the valve train, while the crank depends on a splash system. Usually the low pressure is the result of worn cam bearings.

I would check the oil flow to the valve train. warm up the engine, then remove the valve cover. Oil is fed via a tube into the rocker shaft to the valves. If there is oil flowing to the valve train, I would continue running the engine, but watch the pressure.

When I had a 216 in my truck, I had problems with oil leaks and some consumption with SAE 30 oil. Switched to 20W-50, and reduced both.


Fred
52 3600
69 C-10