Originally Posted by Fredo
These cooling systems are very picky when it comes to air in the system. I recommend if you already have coolant in the system, take off the upper radiator hose and continue to fill the engine. I know if you don't do this on my LT1, it will never circulate water correctly due to air. It's almost like the pump won't prime. So if you just took the radiator cap off, filled the system, and fired it up, this is more than likely your problem. Also, after you check that and make sure it's full, let it warm up with the radiator cap off.
As far as the oil pressure thing goes...that's interesting. You don't have positive and negative switched on the actual gauge do you?
EDIT: Let me clarify. What I'm saying is to take the upper hose off, and pour coolant down that hose into the engine until it's full. Then put the hose back on and fill the system the rest of the way.