Before you run it too much, verify that it is indeed a bad sender, guy on the TbN tractor forum is dealing with a trashed Kubota mill from missing the oil light. It spun some cam bearings where the block can't be machined, so it's not even useful as a core, and the cost numbers he's getting are gobsmacking.
The sender is a pressure switch, about 5-7 pounds to actuate that opens the ground circuit and makes the light go out. Likely it has developed a tear in the diaphragm that lets the pressure equalize; if the light goes out momentarily and them comes back on this is likely.
Alternately, it could be carboned or gunked up in the narrow passage where it's blocked and not allowing pressure to get to the diaphragm. That would be easy to tell once it's out; a small drill bit dull side in should go to the diaphragm, if it's coked up a bit of judicious mining with a drill bit or stiff wire is in order.
A rubber tipped air nozzle turned down to 20 psi or so and a test light or DMM will bench test a sender, if you can't find a fault in the sender you must determine why the engine isn't making oil pressure.
Another thing - most Asian manufacturers use BSP threads for their senders, it's a holdover from the colonization period, and they look similar enough to US that it has given fits to people with old Datsuns that bugger the threads using the wrong one.