Something similar happend to me.
When I started flying my IO-360-A1A, after break-in, with phillips XC 20W-50, the oil pressure was about 65 psi at 180F.
20 hrs later, it was down to 58 psi. So at the next oil change, I cranked in the oil pressure relief valve 2 turns. pressure went up to 64. 10 hrs later, it was down to 58 psi again. So at the next oil change, I turned in the relief valve another two turns. Same story, 10 hrs later, it was back down in the 56-58 psi range.
What the heck?
So, again, I turned the relief valve adjuster in 3 turns, and this time, I safety-wired the nut through the roll-pin hole. Guess what...the pressure has been rock-steady at 70 psi now for 100+ hrs.
There is a lot of friction in the pressure relief adjuster, and I never saw one safetied before. But I think they should be safetied to keep them from backing out.
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Steve Smith
Aeronautical Engineer
RV-8 N825RV
IO-360 A1A
WW 200RV
"The Magic Carpet"
Hobbs 625
LS6-15/18W sailplane SOLD
bought my old LS6-A back!! 
VAF donation Jan 2020
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