Sorry.
While on the centerstand, remove the #1 and #4 exhaust tappet covers. Then run it, at idle and blip it. You whould get a spattering of oil coming out, it will make a quick mess so do it outside and watch it. If nothing you've got a pressure problem. If so, pressure is likely OK.
And/or: buy an adapter and put an oil gauge in the galley plug right above and to the left of the points cover. If it reads less than 20psi at idle and 60 at 4000+ rpm, you've got an oil pump problem.
Either way you go, if you've got pressure, then the light is at fault.