Mystery solved...I think. Could not find an 8mm to 1/8 or 1/4" npt threaded adapter anywhere that would support a pressure gauge, so I put my compressed air blow gun with rubber tip and a short hose on to the oil pressure meter line. At 15 psi, it read 15 psi. At 30 psi, it read 30 psi. At 40 psi, it read 30 psi. At 60 psi, it read 30 psi. Guess I'll be taking the instrument cluster out to see if I can get the pressure gauge working properly.
Many thanks for all the inputs.