There will be dozens of opinions on this but I'm of the opinion you should use single weight grade oil in these old engines. I'd switch to Quaker State 30W.
Now about your gauge. Chevys should have a 0-30psi gauge. Is your truck a GMC? If so is it a Canadian GMC?
It is normal for oil pressure on 235 to drop way down at idle. Are you sure it used to stay at 30 highway and idle? That doesn't sound typical.