Depends on your bearing tolerances and oil weight.
The car does seem to run fine on very little idle oil pressure however.
Best thing you can do is run a minimum of 6 quarts of good oil in your 7MGTE all the time. (It is not over full at that point, there is plenty of room between your crank and the oil level, but you do have one "extra" quart in reserve to keep oil over the pickup point.)
Most rod bearing failures are on cars running 5 quarts or less of oil. (Leaks are the #1 way to rod bearing failure. You run low on oil, and spin a bearing.)