FINALLY! [smiley=furious3.gif] I refused to allow this simple little LED oil pressure warning light to defeat me. The thermometer in my shop read 103-105 for the days I messed with this bastid. The weather's hot and so am I. Really hot...
Thanks to all for your ideas, suggestions and underwear references.
chuckleI tested the OP sender and it appeared to be OK. Saved an unnecessary purchase. I tracked wiring. I made unkindly references about the parentage of the previous owner and his haphazard wiring mods. I read the manual and wiring diagrams... on and on, or so it seemed.
I located a useful and unused switched power source within the headlight shell. Likely a power source for optional instrumentation. I shoved a bare wire into the original connector and grounded the other LED lead on a fork pinch bolt. Light is working and lit up like Christmas.
Continued on with proper electrical connections, dilectric grease, neatly secured the wires, put the headlight back in place, turned on the ignition switch and... NOTHING! Jeez, Louise.
Frustrated, I yanked the whole LED harness outta the bike, tossed it in the tool drawer and returned to wet sanding the Cabriolet's fender flares... another ongoing project.
Middle of the night... woke up and thought to myself... "Self. Did you reattach the OP sender lead after testing the unit?"
Zero-Dark-Thirty this A.M. I'm in the shop. Cooler right now, and sure enough, the OE lead at the OP sender is dangling by the frame. Another Jeez, Louise moment. Now I'm casting dispersions on my own parentage. Guess Mom and Dad were swimming in the shallow end of the gene pool.
Plug in the sender lead, rewire the LED circuit for about the fourth or fifth time, took a deep breath and turned on the ignition... Urethra! It's alive. Engine off, light on. Engine on, light off. Jeez. . . [smiley=1drink.gif]

See? Engine off and the OP light is glowing... So far, so good.

D'Oh... Engine running and the light's off.
Like grandpa used to say, "Even a blind hog finds an acorn now and then." That be me.