Yes as mentioned use engine oil in the gearbox and transfer case. In addition to the reasons given related to the oil pump modern gear oils (EP90 inparticular) have additives that can eat phosphor bronze bits inside the gearbox.
Also - if the oil pressure light did not go out I would not have run the engine - it is just too risky - for sure most likely a sender issue but maybe not and not worth damaging the engine. Before running again I would get the sender checked/changed so you know for sure what oil pressure is doing.
Great to hear that you have got a pretty good vehicle 
Garry
REMLR 243
2007 Range Rover Sport TDV6
1977 FC 101
1976 Jaguar XJ12C
1973 Haflinger AP700
1971 Jaguar V12 E-Type Series 3 Roadster
1957 Series 1 88"
1957 Series 1 88" Station Wagon
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