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What Tom said - I'd want to know for sure that the low oil pressure is a legit reading. If it is, then yes, rebuild. But verify that reading first. You could have a bad sender, or wiring, or possibly even gauge.
How many miles on it, and have you already changed the oil? One thing that could kill your oil pressure is if the oil is watered down badly with gas (or otherwise in bad shape). Not sure that this is possible on the 2.5L engine, but very common on 2.0L 924's with ignition problems but functioning fuel system... crank them for a long time, you rinse the cylinders out with gas and all that gas just fills up the crankcase, thinning out the oil.
Just a thought...
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Vaughan Scott
http://www.vaughanscott.com
http://www.924.org
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