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It wouid be worthwhile to at least have an idiot light for oil pressure (IMHO). Another scenario to the ones you cited would be engine oil level is very low or crankcase is empty. The engine would be running with zero oil circulation and would seize. Maybe we are spoiled by modern engine monitoring systems, but knowing engine oil pressure and engine temperature at all times is good info which was not known on Model As but did become available with standard equipment on cars a short time later.