Until it fails again. The boats have high oil pressure. It fluctuates a lot, wears out the wheatstone bridge (google it Rick) that comprises the oil pressure measurement. So, ignore it. Eventually, the indicator will fail (MMC display of alarm) so it will cease to bother you:)
Or, replace gauges with analog. The gauges are so crappy on all boats besides Nautiques from that era, not worth the stress. Your boat is fiiiiiine