There is more going on here than meets the eye, or omitted information we may need.
188F peak Oil Temp is not possible on a Gen-3 application with the Oil/Coolant heat exchanger in anything less than absolutely frigid temps. The Oil Temp should be around 210 based on just about every application I have ever seen. This is suspect, possible related issue?
Secondly, are you comparing thoroughly hot and heat soaked oil temps and pressures? Oil pressure is a variable value based on oil viscosity, RPM, oil temp, load, etc. Please clarify if the needle is bouncing during a steady state condition [Not Normal], or are you noticing a pressure deviation while actually driving around [Likely Normal]?
Need more info.
Suspect issues are Oil Cooler/temp suspect, oil pickup tube o-rings, pressure relief shuttle valve.