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Oil gauge sender or warning lamp switch is behind the distributor. Choke and electric fuel pump oil pressure switch is above the oil filter.Just like Pace says break her in on decent quality 10W30 or 10W40 Dinosaur Squeezins not Synthetics. I usually put a heifer magnet or Hard disc magnet or two on the outside of the filter to trap small iron particles. I also cut open the filters to make sure there's nothing nasty.
If you had to do it again would you go with a 350 or the 4.3?
260 or 350 Olds engine, same block