I'm guessing type 4 in a bus? The sender is down in the tin just forward and towards the middle of the engine from the distributor, look for a single wire heading down into the tin. Does the light come on when you turn on the key with the engine off? then go out when you start it?
Flickering at idle after a highway run on a warm day is normal for a type 4, coming on when you rev it is not (sure it's the oil light and not the gen light?). You may want to do an oil change and check the screen, find the sender and try grounding the wire from it, does the same light you are seeing come on?.