Hi,
I know very little about this model, but here is my 2 cents based on my engine knowledge.
1. Change your sensor, also confirm with a mechanical gauge you have proper pressure. NEVER ride with a idiot light on unless you confirm it is faulty, it mights actually be working, and you are causing damage.
2. Monitor Oil condition (should stay clear), Enging/oil temperature and crank case ventilation.
The comment from the other poster with the engine with good compression, and a bad top ring leading to a failure. The compression will check out in the good range (probably in the lower end of acceptable) however under ignition, the lower ring cannot hold that pressure in, thus loss in power. You may not notice this, but you are just compensating by adding more fuel unconsciously. This loss pressure blows by the piston (blow-by) and into the crank case, this causes the oil to blacken quickly, the oil to run hot, and excessive crank case ventilation due to crank case pressure build up. Over long exposure, the dirty hot oil will wear out parts, and eventually cause a engine failure.
If you are experiencing black oil, hotter engine operating temperatures (even if it feels hotter then it used to), or noticeable crankcase ventilation, I would get the engine checked out by a person that knows engines. A set of rings are cheep compared to a engine lower end or complete engine!
Good luck Chad
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