It may still have a PS60 sender and open gauge(no resistor)
But the on/off switch gauge should also change, but from system voltage
When you start cold engine, the alternator will be outputting 14.5-14.9volts to recharge battery, so oil gauge shows higher
As battery gets recharged(and oil warms up) the alternator lowers voltage down to 13.5volts, so pressure gauge goes down a bit
As you REV the engine, voltage can rise with RPMs until voltage regulator stops the rise, oil pressure goes UP with RPMs
Look for your sender
PS60 sender looks like this, gold or silver color:
https://www.ebay.com/itm/PS60-Oil-P...ncoln-Mercury-Ford-Jeep-AMC-NEW-/261806685748
Switch type sender is much smaller, like this:
https://www.ebay.com/p/Engine-Oil-Pressure-Sender-Sensor-for-Ford-Lincoln-MAZDA-Mercury/18022235839
Up to about 1995 Rangers you can pull the cluster and jumper the resistor on the back of the oil gauge then install PS60 sender to change to "real" gauge
Around 1995 Ford switched gauge to internal resistor so hard to by pass it, same year they switched to electric speedometer