Other than the stud vs spade connection to the wiring harness, is there any difference in the internal workings of the two different types of senders. I believe the stud was intended for the gauges and the spade was intended for the oil lights.
If you really want to know your oil pressure, get a mechanical gage.
69Mach1 - warmed up 395W (AFR 185s) and Astro A5 with hydraulic clutch, 3.5" Alum DS, 3.50:1 posi, rack&pinion/tilt, 235/50ZR17x8 front & 285/40ZR18x9 rear, American Racing Nova wheels, all MSD, Holley 750, custom paint, headlight relays, Shelby drop & 2" lower all around, Hotwheels Redline scale is 1 to 1. (Up for sale now) http://photobucket.com/albums/v618/danaranda/69stang
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