Hey! I'm having a similar prob with my '86 2.9 B2..one day had great pressure, the next it goes to normal but after running for a few minutes, starts dropping. The only thing I changed was the fuel pressure regulator...it would occasionally misfire or act like a clogged fuel filter, but as I was playing with the spark plug wires at the cap, I knocked the vacuum line off the regulator and a bunch of gas squirted out. I just assumed it was a hole in the diaphragm and replaced it. Messed up the O-ring when I did it so had to leavs it over night. Changed the O-ring the next AM and was driving home when it started feeling kinda sluggish and a little noisy. Looked at the dash and noticed the oil pressure was almost bottomed out. Got it home with out breaking anything but now when I start it, it comes up to the high side of the middle of the gauge, but not as high as before, then after about 3 or 4 minutes, it starts dropping...so there's no seals in the pump that can go bad and give a little pressure until they warm up? Changed my oil filter but it didn't help much...