15PSI at 3K doesn't sound like a lot. I don't know this engine that well, but I'd expect most engines to be up at 40-60 PSI at that speed.
Either the oil filter / plumbing is too restrictive, the oil is getting very hot or there's another problem like a sticking oil pressure relief valve. This is assuming the gauge is reading correctly, of course.
Can you temporarily remove the oil cooler from the circuit and just bridge the oil cooler connections on the block to see if that improves matters?
As Marks DTM Calib said, the beauty of oil to water coolers is that they can't overcool the oil because the oil can never get cooler than the water. In some cases they help get the oil temperature up after a cold start too, by working in reverse. Sounds like geography might be on your side in this case, but in the UK an oil to air cooler would result in overcooling of the oil most of the time unless a thermostatic valve is fitted in the circuit, which results in more oil pressure drop.
As it sounds like you don't need anything better than the standard oil to water cooler in the application you have it might be a good idea to source a replacement standard cooler and see if that solves the problem.
Kevin