This is the second time around, First time it took out all the main and rod bearings, I had it rebuilt , crank 20/30 under, rods reconditioned, line board, new pistons, rings, cam/bearings/lifters, new oil pump, heads done and new oil pressure sender and manul gauge , Only ran it for an half hour and its doing it again. Go down and oil level is good. No oil leaks. Start it back up, runs good, good oil pressure and then does it again.I don`t want to wipe out the crank again. Yes it has a pressure alarm and it works and goes off when the drops to O..