Auto parts store would sell valve spring tester
Machine shop should have one for testing valve springs, they would also have the Ford Specs for your engine.
Your gauges seem off.
Coolant temp should run just below 1/2 on the gauge, at "normal" 200-210deg operating temp, it might run at 1/2 or just above on a warmer day 90+ degrees.
Most complain the 2.3l engines never get above 1/4 on the temp gauge.
On the '86 Ranger you could still have an oil pressure sender, Ford change to an oil pressure "switch" around this time, above 6 psi pressure showed "normal"(just below 1/2), and below 6 psi showed 0 pressure, so needle didn't go up and down with RPM unless there was a Voltage issue.
If you still had an oil pressure sender instead of a switch then oil pressure would go up in cooler weather, not down, so that is odd.
Oil is thicker when cooler which shows a higher pressure until engine warms up, then it should be "normal" again.
So you could have an electrical issue vs a coolant temp or oil pressure issue.
Example: if you turned on the heater fan when it was cooler weather then gauges could go down because voltage was lower, they shouldn't but if there was an electrical issue they would.
(fuel gauge uses 5volt pulse, so wouldn't be effected)
Voltage regulator in the alternator could cause that.
You can look up Ford oil pressure switch and Ford oil pressure sender, they look different, then look to see what you have, should be drivers side of the block, toward the rear, it will have only 1 wire connected.
Never removed a head on the Ford Lima engine, so not sure what you had to disconnect.
But if the fuel rail and injectors are still hooked up on the intake manifold you can pressurize the system and visually look to see if any injector is leaking.
Make sure alternator + wire is not touching a ground, then hook up the battery and turn on the key, fuel pump should run for 2 seconds, repeat on and off with the key a few times, then check inside the intake manifold for fuel, there should be no fuel in there, injectors only open when crank shaft is turning, not when key is on.