The gauge in this pic should be reading “regulated” pressure...... not pump pressure.
That’s why it changes when you change the setting on the regulator.

To read the pump pressure, you need to tap into the line before it gets into the regulator.

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68 Satellite, 383 with stock 906’s, 3550lbs, 11.18@123
Dealer for Comp Cams/Indy Heads