Sorry Dan I did not put a oil pressure gauge on the motor.
I was getting a knocking sound with the low oil pressure light coming on, you could tell it was low oil pressure.
my first thought maybe oil pump was shot.
When i pulled the oil filter cover the washer on the filter was missing, the roll pin was very loose, and the plunger did not move real freely
This caused two problems on my bike.
1. Low oil pressure
2. Oil would not HOLD pressure in the oil passages (because of the By-pass)and would back up while loosing pressure, when you stop the engine, all oil backed up, so at start up knocking was bad for a couple seconds,
I had read a post that someone had the same problem i was having, Low oil pressure and a knocking sound, they said the oil bypass was partially bypassing all the time, so I was not getting full pressure through the engine.
I was going to fix mine, but there was a part broken, I was going to go to my local Cycle salvage, But i ended up putting a Randaak spin on Oil filter on the bike, the spin on oil filters have a Check valve in them.
Now my 83' GL1100 runs very smooth, and quiet, No Knocking at all, in either start up or while running, It is as quiet as any of my other Goldwings