I agree.
I'm not sure if the 5.7 is the same as the 6.1L, but on my 6.1L there is both a oil pressure sender and an oil temp sender. You could replace the oil temp sender with a pressure sender for your gauges, or just tee off of the pressure sender.
For the water temp, on the 6.1L the factory temp sensor is screwed in to the block in the valley below the intake manifold right behind the front covere. Then there was a plug installed on the front cover next to the thermostat that I removed and installed a gauge sending unit. Perhaps the 5.7 has something similar?
Travis
72 Cuda