That is turbo boost measurement. I am not sure how it actually is measured, but the value is the amount of boost the turbo is giving the engine, that's it. I have never gotten mine much over 22-23, and that was with the go pedal buried going up Eisenhower pass in Colorado. The amount of boost is going to fluctuate by how much you have your foot in the truck. It really only comes into play when you tune the truck and change the amount of boost the truck can provide. That is when you start having problems.
As for the oil pressure gauge, you are correct, it is omitted in the diesel. However, what most people don't realize is that all of those cheap gauges that all three manufacturers put in these trucks for years are really nothing more than an idiot light. They have a huge range for "normal" and only move when something is way out of whack. Basically the same as an idiot light coming on, so you really aren't losing anything. If you want real gauges, you need to go aftermarket with something like a Banks IQ or Autometer/ISSPRO gauges that truely measure values, not that just move when outside of a wide normal range. I can tell you the truck is fantastic, a blast to drive and pulls like crazy. Good luck!