NC--
It does sound like a leak somewhere is letting the hot, thin oil drain back down into the pan so that any empty galleries must be pumped full before pressure is registered
Thanks for the great post and pictures Paul! It sounds like our engines generate the same pressure, so I am not worried about running pressures.
As to cold, you could still be right. The lack of cold symptoms, may simply be a case of viscousity masking the problem. The thicker oil could prime the pump/gallies quickly enough to minimize the problem.
The check valve is interesting idea, as I didn't know they had one. I am using a parts store filter right now and used parts store filters before the rebuild(mainly WIX). Immediately after the rebuild I used an Isuzu filter, but I changed oil so quickly after the rebuild, I never noticed if I had this problem or not. Currently I am using a parts store filter because I had one left over. In the future I will be using only Isuzu/OEM and the two I have in stock are from Jerry Lemond and are Isuzu/OEM. So the filter idea is conceivable since I only used one filter briefly that would be absolutely correct and wasn't a cheap immitation.
As for the regulator you mention, My valve had a small scratch on it. The scratch was clearly older though and it was not what I would consider a "significant" scratch and prior to the rebuild it performed its' function just fine. It moved within the bore without a problem. The scratch could indeed leak hot oil past it though, as I was too ignorant about these engines to consider this as a something that could be an issue. This might actually be my culprit.
Thanks again Paul, I
really do appreciate it!
NCDiesel