But I had the same thing happen on my work truck. I changed the PF48E to a Wix 57060 and fresh oil and all has been well for around 4000 miles. '10 5.3 with 127k. Still watching it to see if it is the o-ring. Not sure how a filter can do that, but in my case it does appear to be the filter also. I have changed the oil with around 30% left most times (5-7k) but switched from semisyn to Dexos 2 years and 30k ago and did go to 0% a couple times - 10k miles.
Well some more real world info on this problem. I was driving out of town this morning and noticed the oil pressure was dipping below 10 psi. I put it in neutral and gave it some revs and it popped up to around 30 for a second so the gauge seemed to be doing something. Then it started dipping lower until the warning came on. I pulled over and left it running and the engine sounded fine even with the gauge at 0. I turned it on and off a few times and it came back up to around 35. I decided to continue to my destination since I was halfway there. The gauge settled on about 10 psi for the rest of the trip(about 40 more miles).
After my meeting pressure came up to 40 idle cold and stayed at its normal 38 psi at 1750 rpm on the highway for the way home. I am not thinking it is the filter anymore and likely some gunk plugging the screen at the sensor or at least I hope. Our shop mechanic things that is the case - he said if it were the o-ring and it was pumping air at 0 psi the lifters would have been clattering something terrible.
This is with a Wix 57060 and 5w30 dexos with about 4000 miles on it.
2010 5.3 chevy
It appears you have had this happen at least twice and the “cure” was an oil and filter change at 4000 miles when the symptoms manifest.
I suspect the filters are full and on the edge of bypass when this happens. A full synthetic filter would provide more capacity in the same physical size and may give you a better margin before this happens again.
I think the oil pressure sensor screen may have to be replaced. If you go that far, it might make sense to change the oil pressure sensor at the same time in case it is intermittent.
The OLM appears to be very basic and not conservative enough for your conditions. I would lean toward the short OCI / FCI you have done.