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I wouldn't base anything on the oil pressure other than the fact that is has decent oil pressure. You can have plenty low compression with good oil pressure, regardless of your experience. What cause do you have to believe the rear diff is going out? That's highly unusual for an NA with that mileage and no mods. Basically, you're paying for the year and color. Everything else you could get for a better price, but you could never have the same value as you'll get for that year and color, because those are things you could never change about a Z that has those factors different and savor any aspect of the value.
Cheers, JBrobst, The woman with blue nuts. 
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