Another reason the oil light sometimes comes on is because the oil pressure sensor is compressing the plunger spring too hard on the sensor itself. You should be able to watch the plunger turn as you are screwing in the sensor – the sensor will stop turning when it hits the stop on the bottom. The amount of compression on the plunger should only be very slight – about 1 turn of the sensor. If you are getting too much compression you need to fit a thicker o-ring on the sensor to stack it up higher. This will allow the plunger to be pushed out of the way easier thus interrupting the ground path that turns the light on.
Edit: regarding why the oil light starts off okay and then comes on later, it's because the oil is thinning out thus the pressure is lower.
Hope this helps.
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. Oil did drip out of the other line.
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