Mine has been similar on the -4 I bought and I plan on looking at it in April with condition inspection.
My Thoughts???
Is the pressure gauge placed where it doesn't 'see' the mech pump pressure? IE, is the gauge in line before the mech pump? I have no idea. If my fuel pressure is at the carb itself and should register from either/both the mech and electric fuel pumps, my mech pump or gauge must be broken as the gauge frequently reads zero. Engine couldn't care less, runs fine with zero registered on the fuel pressure gauge, makes pilot nervous though.
As far as fuel pressure in climb vs decent, I think in mine it seems to have to do with attitude and relative fuel tank position. In the climb, nose up, the tank is relatively lower than the carb, thus less gravity fuel pressure. In the decent, nose/carb lower than the tank, higher gravity fuel pressure?
Clear as mud??