Found someone with similar issue
"Installed on 2007 Tahoe 5.3 Flex. Had the hard o-ring issue on the oil pump pickup which caused low oil pressure for the first 10 minutes after cold start. In my slanted driveway idle pressure would drop to just above 0. Once the oil was nice and hot the o-ring swelled up enough and oil pressure returns to normal. Very weird issue. 156k miles by the way.
Since I had to drop pan anyway to replace the o-ring I did the oil pump as well. Left in the high pressure spring. Works great! Hot idle pressure with 5w-30 at about 38lbs is very reassuring all is well. I thought I had a little lifter noise at idle. If I did I don't now, very quiet. 55lbs or so on the highway."