7 psi too low !
Oil Pressures vary between engines and will be higher when cold. Consistently low oil pressure suggests a worn engine. Many factors effect oil pressure especially oil grade, age, and temperature. As bearings wear and clearances increase the oil system has to work harder to maintain oil pressures. Therefore the oil pressure can give a very good indication of the general condition of an engine. Pressures are typically 40 - 60psi at idle on cold startup. Pressure must show on gauge within 15 seconds or shut down the engine and locate the problem. At high rpm these pressures should be maintained but will drop as the engine reaches operating temperatures. When returned to idle a hot engine may show pressures below 20psi. Low pressures throughout the operating range may indicate a well used engine, but check the oil system specification, and the gauge/sender, before taking any expensive action. Whoever rebuilt your engine should be able to provide detailed and specific information & advice.