On ancient systems like you'd find on a 35 or 40 year old boat, the light and the alarm are usually tied to the same pressure switch on the engine. The switch opens around 5 psi and turns out the light which also silences the buzzer
Later vehicles may use different variations of the light/buzzer. Here's a good explanation of how things work on VW vans made after 1986
http://www.gowesty.com/tech-article-details.php?id=42
The light tells you one thing, the buzzer something completely different
I have a 1994 Mazda Miata sports car which came with a real oil pressure gauge, perched right at the top of the dash between the speedometer and the tach. It reads from zero to 90 psi and of course it reads less pressure at idle than it does at any other RPM. In 1999, Mazda made a big change and it took the enthusiasts quite a while to catch on to what had happened. Same gauge (or at least it looked the same) and in the same location, but now no numbers - Just reads L to H instead of the actual pressure, just like the temp gauge does BTW, and the 'pressure' always stays right in the middle of the L and the H - No idea what that pressure actually is
Somebody got to tinkering with it and discovered why the 'gauge' never moves - L when the engine isn't running, smack in the middle when it is. What they discovered was it's just a low oil pressure switch and when the switch is closed, the 'gauge' reads smack in the middle. Since it's a car with a major enthusiast following, someone worked out a way to turn that OEM pseudo-gauge into a real gauge by installing a real sender on the engine which varies with pressure changes and then modifying the 'gauge' in the dash cluster so it can track the changes reported by the new sender. Still no idea what the actual pressure is though
Miatas are driven by lots of techie types who aren't hesitant to make changes to the car - Here's one guy who not only changed his pseudo-gauge to the real thing, but he added an idiot light as well
http://www.miata.net/garage/opg2/Miata_ ... ng_LED.pdf
The 'adapter bushings' mentioned in his parts list are needed because the engine block is threaded with BSP threads and the VDO sender is threaded NPT, so you can't screw the sender directly into the engine
These pseudo-gauges are very common on pick-ups and the few other car models which actually offer a gauge, or rather what looks like a gauge. On trucks, which seem to have more 'gauges' than cars, they're probably only there because there are guys who say "I would never buy any truck which didn't give me a real gauge! - I don't care for idiot lights!" If only they knew how their 'gauge' actually functions!
You know if a modern sports car doesn't have a real oil pressure gauge, there's not much hope for regular cars and trucks! I'm an old fashioned guy who kinda likes to see a real gauge sitting there on the dash, but on a modern engine it doesn't really tell you much anymore - The pressure relief valve on the mechanical pump in the engine is now engineered to respond to the weight of oil you're using and the temperature of that oil to more or less keep that new, lower pressure right where the engine manufacturer wants it, but it still seems scary low to many of us
On an antique boat diesel which now has much, much better oil in it than was available when the engine was designed, the engine is much better served with a light and a buzzer because it will alert you far sooner than a real gauge which you only occasionally look at. As much as *I* like gauges, if I have to choose between a gauge and a light, I'll take the light any day
Don