Wouldnt cost that much,,, to drop the oil pan an put a new oil pump in an see what you get,,, probaly take you like a weeked if you did it at home,,,,, pull a couple of rod caps an main caps to see what the brgs an crank look like ,,,,,, New oil pumps are cheap , add a pan gaskit , oil an filter , an some coolant ,, probaly like $100-$125.oo bucks , plus 2 twelve paks .
Youngest Boy drugged home a 90 Ranger 2.3L, 154000 miles,,,$300.00,,,,, body was in good shape,, engine was a hit an miss deal,,,,, timing belt had a few broken cogs on belt,,, after we got it running , Oil pressure would drop off to zip before it got up to operating temp. sitting in the driveway,,,,,, So for a timing belt an new oil pump $200.00, Hes been driving it a little over a year now an no problems ( he keeps wanting to drop my 302 4V in it )