Well the answer is in. When I started the car for the first time in about 24 hours it took a solid 13 seconds to register oil pressure. And that's after I put the 20w50 in and a new wix on and warmed it up last night. So I'm guessing I probably have worn main bearings. Think i should worry about the lack of oil pressure on a fresh start up? Or is it not too bad as long as I don't rev it up? It only takes that long to build pressure after not starting it for a while. Otherwise It only takes a second or two.
Furthermore, I took your advice FordMan, and i got the vr1 racing oil and the big fl1 filter. I figure I'll run the castrol oil for a week to get all the grime mixed into it and then do another oil change, and switch to the better oil and higher flowing filter/
The things you describe are just the typical things you encounter with older cars since stuff does wear out and are usually pretty simple to fix.
Yeah, I don't doubt that. Just keep finding the little things. Ill get to them all with time.
What part of the country are you located in?
I'm located in Oakland California so I've got about 4 Auto zones within 2 miles of me

Know any other pinto guys in the area?
Is your car a 4 speed or automatic?
Its a 4 speed. I generally avoid automatics, i don't find them nearly as fun to drive
Also if your car still has a breaker point ignition, do consider converting to a Pertronics electr9nic module and coil that will make a considerable difference in reliability.
I did some posts here about how to wire up the Pertronics to use the high performance coil.
Also changing your factory cam pully to a STEEL not alloy adjustable cam pulley and advancing the cam timing will make an improvement in performance.
At the moment I'm still running points, but an electronic module is definitely in my future.
Yeah I've been looking into those cam pulleys. They really do make that big of a difference huh? Do you have a good source for a good adjustable steel cam pulley?
I've also realized that I've made a stupid mistake...My car is a 72. I think i said 71 out of wishful thinking, but no, i have the emissions choked 72. What can I do to get a bit more out of the horse power hole on that one? Obviously the cam pulley. And upjet the holley 5200 a little on the mains I hear?
Allegedly the car came with a cam and better pistons, although i have not had the valve cover off to verify the cam yet. Any good ideas on how to verify the pistons? Apart from just removing the head obviously

The only things keeping me from driving the car everyday are:
1: the front break calipers still haven't been cleaned up/replaced
2: the suspension, in its current state, is so bouncy and wobbly its actually dangerous
3: I'm worried about hurting the engine with this oil pressure conundrum
4: The Left brake light wont come on.
I've addressed problems 1-3 with you guys. But was hoping problem 4 was just a broken filament on the left brake light. Well today i switched the right and left bulbs and the problem stayed on the left side of the car. Its weird because the running lights work on both the right and left, and well as the turn signals. However the brake lights and the emergency flashers only work on the right, not on the left.
Anybody got any ideas or knowledge about problem #4?