I second the camshaft knock. Had it for 40 K miles I suppose. Now at 134K. The timing chain stretches and allows the float to occur. Annoying, but I don't think it hurts anything.
To raise oil pressure you could try replacing the bearing shells for the rod and main bearings. On my engine, they were all more or less worn to copper at 103K miles. The rods are easy. The mains are more of a pain, although the bottom cap takes most of the wear, so you could get away with replacing the bottom shells.
I also use 15w-40 oil. These are low pressure/high volume oiling designs. They flow a lot of oil at a low rate, so the thicker stuff works well.