What kind of oil filter did you put on? These trucks can be sensitive to that. My case was almost exactly like yours:
I go to a guy who's a race mechanic, and he keeps himself in business by doing "ordinary" stuff on the side. (I can't do my own work any more because I have advanced arthritis.) He had been using an off-the-shelf oil filter from his regular supplier on the truck, and I had this exact problem. When towing the trailer or anything that really warms up the engine, you stop at a stoplight and the pressure would drop way down. WAY down toward "L".
I remembered that I'd never had this trouble when using NAPA Gold (Wix) filters, so this last oil change I asked him to get one. Problem solved! The oil pressure drops just a bit, but not WAY down like it did before.
It's a cheap fix; suggest that you try this right away - I mean like right now, because anytime you get an OIL light, it is serious, serious trouble. Until you get it fixed, shift to Neutral when at a stoplight. The little increase in engine RPM will keep the oil pressure up.
Hope that helps you out.