What exactly are you gaining by observing the MP pressure increase? Honest question...I've never been able to think up a reason to look at the gauge during this check. I mean yeah, it'll go up, but what benefit do you get observing that change with your eyes on the gauge?
The same with the oil pressure drop. What does it tell me ?
Probably worth noting that there is a big difference between testing the prop on a single with a CS prop and a twin with a feathering prop:
In the typical small-plane CS prop:
A. There is very little or no 'cold oil' in the hub. If the prop rests against the fine-pitch stops, the cylinder is pretty much empty and even if you dont cycle the thing, warm oil will get into it once it needs to pitch towards coarse during takeoff roll.
B. 'Testing' the rpm changing function at 1700 tells you nothing about the governor/prop systems ability to maintain a set RPM under full power. The flyweights can be frozen in place and the engine will still make 'wroom wroom' on the 1700rpm test just from the speeder spring pushing down on the pilot valve.
One could do away without the runup test. If it works on takeoff roll, that's good enough. Worst case, you fly a lap around the pattern with the prop in fine pitch.
In the feathering prop otoh:
C. You do have to get the cold thick oil out of the hub by exercising the system, as it may not move into fine pitch otherwise and may not reach rated hp on takeoff.
D. In the feathering prop, you have to test the feathering function as this is a critical system.
For the most part, we do the three times exercise because 'its tradition!'. A tradition that made it into small airplane GA because generations of flight instructors flew planes with feathering props that required a test of the system.