That's very interesting. I have noticed that I can see a similar drop which is visibile on the gauge at high rpms on my 411 Windsor though the Accusump keeps it from going through the floor. This is when running up the engine in neutral sitting still. Have been generally too busy to watch it when running. I think that I'll put a camera on the gauge at the next autocross and see what happens under a real load since I regularly bang the rev limiter.
Herb