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Oil pressure in my truck is 60 @ idle once started, and comes down to 10-15 when warmed up, and she's never skipped a beat.I always thought this was pretty normal.
Worn cam bearings are a good bet. Install a high volume (not high pressure) Melling oil pump and hardened oil pump drive shaft. While you have the pan off, at the very least check the rod and main bearings with some Plastigage.
It's been noisy up top in the lifter area for a while (sounds like an old mechanical injected diesel) so I'm wondering if one or more of the lifters have a hole in em and/or its wiping the lobes.
Ironically enough I drove it this evening after church and the pressure has dropped even more, to around 7-8 psi
...it concerns me that in the last 100-200 miles it's dropped 15 psi or more. Last couple times I changed the oil, the magnetic oil plug has been covered in minuscule particles. Usual looks like a grease glob, but it's obviously metal.