50-65 psi doesn't sound good (too wide of a range), but I don't know specifically about your engine. For my port-injected 6.0L LQ4, it expects right around 60psi, +- 3, and the pressure only drops a bit when the engine is revved up, and quickly returns to full pressure.
Before I replaced my fuel pumps, the fuel pressure would be 60 psi at idle, but when the engine revved up, the pressure would drop and stay low. The pcm would try to compensate by keeping the injectors open for longer, but having the proper fuel pressure makes the system work much better.