Usually hear it as 10psi per 1000, but six one way, half a dozen the other.
I've got a crate L31 with a 50psi pump. The engine has absolutely lost oil pressure (hot, at idle) in the maybe 2-3 years I've driven it, and that's not a ton of starts, and at best 10k miles. As bearing clearances grow, pressure is going to drop, no question. Granted, the pump spring wearing out COULD be a factor. But without testing the pump outside of the engine, there is no way to know if it's the spring, bearing clearance, pump, etc. For $40-50 (well, years back) just going with a new pump would at best help with either issue, at worst show no appreciable change.
I certainly don't know at what point no amount of oil pressure will stave off an engine dieing, at 250k miles I'd certainly assume an engine would be on borrowed time. It might go another 100k plus, or it might go 10 feet.
A couple advantages of the HV/HP BBC derived SBC pump melling recommended, is that it's got 7 vs 5 teeth. At lower RPMs the oil pressure output is more consistent. Not only that, when lugging the engine at around idle RPM, oil pressure drastically drops. Obviously the goal is not to stay in that area of engine speed, but it's unavoidable at times. Dropping from 45psi to 20psi, at least the engine is still getting fed a decent amount and pressure of oil...if I start with 30psi and lose the same 25psi under identical conditions, now I'm below the rule of thumb for pressure. Again, my experiences and conditions, they won't be the same for everyone. A manual trans exacerbates this issue.
Oil in the valve covers isn't under pressure, and there should be no pressure in the crankcase with a properly operating PCV. From all fairly modern references I've seen the drain back from the heads of hot engine oil is near instantaneous. I don't see how an HV/HP pump would cause issues, worn valve guides/seals will allow oil into the combustion chamber, oil pump has no bearing on that issue. Even with more oil flowing, the PCV pickup is baffled. I've never heard of anyone consuming more oil because of a higher pressure pump on a modern small block with a stock baffled PCV setup.