Is an oil pressure gauge really needed on a CB?
The red lamp will indicate if there is a problem if it take longer time as usual to be switch off when starting the bike.
OK, if there is an oil cooler mounted with hoses that can start to leak a lot, pressure will be really bad, tire grip too

The typical oil related problem that can happen on a CB750 is blocked oil feed to cam. Will an Oil pressure gauge alarm for this?
I have checked the oil level on my Cb750 rather often when bike is warm just for sure. At least once a week.
Never an oil fail on my bike, only too cheap oil or wrong oil (car oil)
Edit spelling, my fingers hit rate on keybpoard can be better
