We all know that the 85-87 V6 oil pressure sending units are notoriously inaccurate and prone to failure. The 88 oil pressure sending unit is superior in its design and is a common upgrade for the earlier Fieros, but the new style can also be inaccurate, so I suggest while you have the old sending unit removed, install a mechanical gauge and get a hot and cold oil pressure reading for reference.
Since the harness for the oil pressure sending unit is different on the 88, it requires cutting out the old harness connector and splicing and soldiering in a new 88 style harness connector.
This is how I accomplished the upgrade without cutting my original 86 engine harness.
What you will need:
An 88 oil pressure sensor. Rock Auto Part Number AC Delco D1808A
An 88 oil pressure sensor harness connector. Rock Auto Part Number AC Delco PT121.
Crimping tool.
Three (3) male spade terminals. I suggest you use a different color terminal on the center lead. This is a ground. The other two leads are interchangeable.
Soldering iron and solder and something to hold the spade terminal while you solder. My kit has a stand with clips.
A length of 1 inch diameter split wire loom.
First, crimp the spade terminals onto the new harness.
Once you have the terminals securely crimped to the harness, solder the connection.
Now, with the old style sending unit removed, screw in the new unit securely. Do not use teflon tape on the threads. The sending unit uses the threaded base as a ground for the gauge and fuel pump.
Once you have the new sending unit installed, look at the harness for the old style unit. With the terminals oriented the same as this:
Photo from RockAuto.Com
The center terminal will be the ground. That's the terminal that I used the odd color spade terminal on. Plug it into the center terminal on the old harness.
The lead for the terminal shown closest to you will plug into the corresponding female terminal on the old harness. This will be the orange wire on the old harness. It is constant unswitched 12 Volt. It's always hot. Power is transmitted to the other terminals when oil pressure exceeds 4 PSI.
The terminal lead furthest away will plug into the remaining terminal on the engine harness.
Now, I have found that the new harness terminal isn't waterproof, even though it has the Weatherpak seal. You can see there are provisions for 3 other terminals. Those are open. Plus the 3 terminals we're using aren't waterproof. The sending unit isn't protected from rain and water will get down into the top of the sending unit, possibly causing a short. This can cause the fuel pump to continue running or it can drain your battery.
This is where the 1 inch split wire loom comes into play. Slide the wire loom down over the new sending unit and insert the new harness wire into the loom. Cut the wire loom to the necessary length that you can insert the original engine harness. Orient the split on the wire loom so that it's downward and toward the engine. It also dresses up the conversion a bit. As added precaution, you can install a 90 degree fitting to put the sending unit on its side instead of upright.
If you want, as added protection from water, you can pack the top of the new sending unit with dielectric grease. That's DIELECTRIC GREASE. Not heat sink grease or silicone. It's a clear compound that doesn't dry and is waterproof. It will insulate the terminals in the event water does get into the top of the new sending unit.