I don't race a Buick, but my iron SBC we had trouble with the mag gear wearing also, in my raised cam Dart block. What we found was because of the raised cam the mag was not lined up to the cam right.
Once we installed a wedge under the mag so the gear was lined up right , my mag gear wearing went away. I have not replaced the gear in 5 years since the wedge.
I wonder why you have to run higher oil pressure ? When I 1'st starting crewing on our JrFueler I bought a RacePak mostly because my 10 years of driving dragsters was only with clutches, so I figuered I needed more info about this converter stuff. The 1'st thing we learned was we had too much oil pressure , like 100 lbs, and the bearings looked OK, kinda cloudy, but not worn out. When we lowered the presuure down to 60-65 lbs in my 10k rpm engine , the bearings looked real good, enough so even after running 80+ runs on the alum rods [ time to replace them] the rod bearings look so good I just put them in the new rods, not because of the cost but because they are good and broke-in.
The only trick thing I've done on one of cranks is micro-polishing, cost $500, and it looked like it was chromed, untill I had to have the crank ground and the chrome look went away after it was heat treaded.
I've tried some coatings on my pistons, but no advantage, I know the blown Nitro guys do coat their pistons, different coatings on the top then the skirts.
I hope this info helps.
Jon