As Meade said, the skinny one is a temp sensor and a lot of people put that in the block off plate that goes on the lower right side of the universal block on the rear (you'll have to drill and tap the plate). It's immersed in the oil in the sump. The 1 post pressure sensor is stock VW and will activate the dash light when oil pressure drops below 2-3lbs, while the 2 post sensor (1 for gauge, 1 for idiot light) activates the light when pressure drops below 8-9lbs (and the reason so many people freak out because their modified VW engine "doesn't have sufficient pressure" at idle- I've always thought the thing should be set at 5 or 6lbs, but oh well). If you realize that when using the 2 post sensor that the light may flicker at idle, pressure is still within spec (you'll see pressure on the gauge) and everything is fine, then great. If you can't get past it, go back to the stock idiot light and gauge single pole sensors.
There are other oils that are compatible with our (and other flat tappet) engines if Brad Penn is hard to find- Valvoline makes the VR1 Racing line in several weights (iIrc 10-30 is one) for street cars. Familiarize yourself with the VR1 line before buying as they also make straight racing oil (without the detergents and whatever else they add for the "street add pack") which is not what you want in your street car. Amsoil has the ZRod, and Joe Gibbs, Swepco (306?) and Redline all make suitable oils (or used to). There are some motorcycle oils that will work as well, although again, know what you're buying.
Shell Rotella T (CI4) used to be a good oil for our use, but the new CJ4 formulation has less zinc/phosphorus for newer diesel engines and so isn't suitable for air cooled engines with higher valve spring pressures. Al
Gotta go to work. Later