Oil pressure and fuel gauge work the same way 0-90Ω = 0-60PSI.
Maxed gauge usually means the sender is borked or the wire is unplugged or damaged.
Teflon tape in the threads has been rumored to electrically insulate the sender from the block. I'm not sure If I believe that wives tale or not... It's possible.
I don't trust the factory ground arrangements. Not enough of them.
On my 76 & my 2000 T400 GMC I ran the battery ground(s) to the frame rails close to the batteries and proceeded to tie the whole chassis together electrically.
I hid most of the braided straps.
--From the frame rails on both sides to... the radiator support, Inner Fenders, A bed crossrib, rear cab support, and big ones to the block next to the motor mount clamshells.
--The inner fenders to the outer fenders near the battery tray locations and outer fenders to the hood through the center of the springs.
--One strap from the outer fender to a heater fan screw on my 76 & the M1008.
--I also eliminated the sheet metal grounds behind the tails and added a ground wire from both tails to the frame rails on all three trucks.
My ground issues magically went away.