Sudden drops in oil pressure that aren't attributed to oil type or temp are an indication that something has changed and usually not for the better. Assuming you haven't recently changed oil viscosity or type and assuming you have paid good attention to startup oil pressure over the last 300 hours and given the rapid onset of the condition, I would be looking at a problem with the oil pump or debris stuck in the oil pressure control (ball and spring).
In the Lycomings, the oil pressure is measured before the pressure control valve, whereas most autos have the pressure control in the pump housing and therefore measure pressure after the pressure control valve. In the Lycoming's case (a bad design), You never know the pressure that exists in the engines oil galleries and the effects that bearing tolerances or other issues have on that pressure. You can have 80 PSI at the sensor, pre-control valve, and have 10 PSI in the galleries, due to shot bearings. In this case you'd never know it.
With Lycomings, when your pressures drops, it is an indication that total volume from the pump or supply side has dropped. It is not related to anything happening after the pressure control valve, as the sensor doesn't measure that side of the valve.
The oil pump produces well in excess of the volume necessary to produce 75 PSI at 2500 RPM. However, it has nowhere near the same excess capacity at 800 RPM and that is why failing pumps first show up at low RPM. What you are experiencing is probably a sign that more investigation is necessary. It is possible the damage/wear event is over and everything will stabilize (your current pressures are not problematic) or it could be the beginning of an ongoing wear issue that was kicked off by something. You need to watch closely for further drops and act quickly if they happen. Be advised that these pumps can fail catastrophically and I would be concerned about the initial damage.
Larry