oil pressure is lower than average, but not unacceptable. It should be roughly 10psi per 1000RPM at 195F engine temp. Oil warning indicators turn off at 5psi. The sudden drop in pressure tells me the regulator valve was stuck. The small amount of oil and Seafoam in the cylinders won't hurt the cat. Constant oil consumption will foul a cat.
John, from your descriptions, I would highly doubt that the lubrication system has any association with the lack of performance. What I would suggest, especially with history of cam-speed upper end noises, is to pull the valve cover and inspect the rocker arm rollers and cam lobes for wear and free rotation. If the inside of the engine was questionably sludged, its very easy to cause cam damage. Wiped out cam lobes will significantly reduce engine power.
John, from your descriptions, I would highly doubt that the lubrication system has any association with the lack of performance. What I would suggest, especially with history of cam-speed upper end noises, is to pull the valve cover and inspect the rocker arm rollers and cam lobes for wear and free rotation. If the inside of the engine was questionably sludged, its very easy to cause cam damage. Wiped out cam lobes will significantly reduce engine power.
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