1. Can you physically take a reading of the actual oil pressure at idle rpm (with a guage in place of the OP Sensor);
2. Can you look into the OP Sensor electrical circuitry - to rule out possible idle rpm vibration causing intermittent loss of contact that will seem like fluctuating signal (just throwing thoughts here after you've replaced your OP Sensor).
Bottom line: If the oil pump is delivering the rated volume of oil at rated viscosity, and the actual oil pressure is still below the minimum threshold, then the culprit will be excessive volume through (a) worn journal(s) or cam bearing(s), no? I would not expect to see this at 125k unless someone ran it without oil






