Hi Rick,
Maybe I won't be too late on this info!!

I was looking into this very issue last year and did some extensive research. I found what I think would be the perfect solution. The devices are called Swichgages. The ones in the link below are diaphragm-actuated pressure gauges, with built-in electrical switches which could be used to trip an alarm on low pressure.
(I could not find electrically activated (with a sending unit) pressure gauges with the switch)
I never carried through because of too many other things going on so I offer it up for all to figure out.
What is needed is:
a way to install it in the pressurized system to activate the gauge
a small 12v alarm wired into the gauge switch
The only issue I could see would be when you turn on the key. Of course the alarm would go off due to no oil pressure. As soon as you hit the starter, pressure would build and would kill the alarm.
The upside would be if you lost oil pressure while riding, the alarm would go off and you could immediately kill the motor and perhaps save it.
I had these gauge/switches on my commercial fishing boat many years ago for oil pressure and water temperature. They were lifesavers on more than one occasion.
http://www.fwmurphy.com/pdf/P-94116B.pdf