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Check the bearings.....start with the connectingrods
Check if there is damage.
Then check the sensor on the side and install a manual meter to measure it. Perhaps the wiring is broken due to age.
If anything elso as you said is good. Also fill the oilpump from the filter with enough oil because it can be difficult sometimes to get oilpressure after a build up as it will not suck the oil.
Ritchie owner of a '92 Coupe Tiptronic with the following standardoptions: C00, 030, 139, 249, 258, 340, 383, 387, 403, 418, 454, 490, 494, 567, 573, 650, 690, 14951