The oil flows from the pump to the right main oil galley (which intersects the right side lifter bores), to the front of the block. The #1-4 main bearings are fed directly from the right main galley. The left main galley (which intersects the left bank lifter bores) is fed from the #1 main. The oil pressure gauge taps in at the beginning of the oil circuit so you aren't seeing how much pressure you have at the end of the oil circuit. If the galley plug in the front of the left main galley is too far in, it could be blocking the feed from the #1 main. If the right side plug is too far in it would have the same effect, but it would also be starving the #1 main, rod, and cam bearings.
BTW, oil-through push rods are only required on the Magnum engines to supply oil to the rockers. The older LA series engines oil the rockers via passages in the block (one on each side) which supply oil to the rocker shafts. If you have lifters made for the LA engines, they won't have an oil feed hole in the top to feed the push rod anyway.