Testing Oil Pressure with a Comp tester?

Won't hurt a thing. What sort of gauge do you have? My favorite and the REASON I BOUGHT IT is an old Proto which uses the same (Hanson Milton) air connectors as my shop air. This means that I can buy fittings off the shelf to fit the gauge head. I use it for all kinds of stuff, including a home-made leak down tester, and by removing the valve core from the plug end, I use the hose/ ends with the leak down, as well as for injecting air for changing valves, etc.

(Many newer gauges do not use standardized air fittings so I have no advice for ya there)

Here's how mine is built, and I can buy these style quick connectors at Lowes:

Used to be known as "Hanson Milton" or "Industrial Interchange" There are at least 6 types of "standard" 1/4" air fittings, which has become muddied in the past couple of decades. Sears or someone had the bright idea of coming up with yet another type years ago to gain "captive" customers, and of course the other air supply manufacturers had to follow suit