Shimming the oil pressure relief spring worked for me, but don't be too surprised if it doesn't work for you. The theory behind why it won't help is solid.
If you do go through with it though, I tried 4 washers under the spring the first time, that resulted in my oil filter getting pushed right off the truck. The second time I tried 1 washer, there was very little improvement. The third time round I tried 2 washers, that fixed my low oil pressure, but it's not as high as spec says it should be. (I'm not surprised considering I checked the rod bearings and they were probably toast more than 100 000 ago. ie. BAD.)
After the first failure, I didn't even bolt the oil pan back on before testing the second time, I left the motor lifted off the mounts, and just held the oil pan, with old gasket, in place with a jack underneath it. This made reshimming the spring after failure #2 a 5 minute job.
Being that lazy is a terrible terrible idea though, and I wouldn't recommend trying it, because if you do I guarantee the sky will fall, ending life as we know it.
I have a 2" body lift which made the whole job very quick and easy. You could probably do it start to finish in about an hour.