What is the oil temp when the pressure drops that low?
caymancraig wrote: Is there something I could have done wrong with the two plungers?
Well, yes, the plungers are each different and the spring lengths are different, so might be worth verifying they are correct (grooved plunger/long spring in the slot nearest the prop hub.) Also wouldn't hurt to make sure they're moving freely (spring pressure enough to close them against low oil pressure.)
I assume you're running the Aerovee manual-recommended oil?