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So long as the O ring has no cracks it should be OK. If you do not feel any resistance, just a little bit, when you seat the dip stick, you may:
Get a new O ring.
Get a new dip stick and tube plus new O ring at the bottom. This requires an oil change, as the oil will run out at the bottom of the tube.
If there is no oil loss at sustained high rpm, then it probably was due to the dip stick not being seatted. Turbo boost will not increase oil pressure, but higher rpms will boost the pressure to above 50psi. So driving in 2nd for a sustained 5 minutes at about 55mph will be a good indicator for leaks under pressure. Besides, its fun :)
Klaus
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The 164 has a new home, all I am left with are a 95 854T and a 98 V70R :)
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