Joe and I took the MK2 to Abingdon at the end of September for the first proper track session. Problem was that after 3 heavy laps the oil temp went above 115 and we experienced a loss of pressure - to the point that the oil pressure light came on and our gauge was showing around 5-10psi. We let the car cool for half an hour and the pressure came back (around 80 psi).
First thing to do is change the oil to a decent semi-synthetic, but is this enough? We found that above 110 degrees the oil pressure started to drop off. We did the entire day in 3 or 4 lap stints, changing up at around 5k rpm. Not as exciting as it should have been but the corners were a blast!