Congratulations on your new ride. Pics of you and the bike would be great for the next magazine :) Also maybe a little history of you and the bike ??? Email me and editor Doug Strange.
The oil pump is more correctly an oil metering device, as there is no pressure feed.
To start with, you should get used to religiously checking the oil level by removing the upper of the two plugs on the left hand lower side of the crankcase. This level plug defines the optimum level of oil to run your motor. Then you need to work out how much your oil pump is delivering, and adjust to your riding style.
If you have the oil up to the level plug you should have enough oil in there for 10 or so miles before running short.
The screw below the oil line on the pump is an air bleed, if the line has been removed or tank emptied, this screwshould be removed and you should drain new oil into a cup to ensure no air bubbles blocking the line. I usually tap the line in various places with a screwdriver handle. You will often see a small string of bubbles appear in the oil. Once no more bubbles, replace the screw.
No real maintenance of pump, if it is working it is working. Remember the large end cap is a LEFT HAND THREAD if you choose to inspect.
The adjustment is via the screw to the front of the bike. Turn clockwise for less oil, anti clock for more. A little adjustment goes a long way, so don't go more than 1/8 or max 1/4 of a turn at a time before testing.
In an ideal world, you want to be draining just a little oil from the level plug after each run, but it my tke a while to get it set up to your riding style. Too little oil is expensive, but way too much is detrimental too, as it will create drag on the flywheels and overheat, so get used to checking regularly, initially at 25 or so mile intervals. building up to 50 as you get more confident.
Bear in mind also that as your speed increases, so will oil consumption, so what is overoiling at 35 mph may be about right at 45, and too little at 55. Oil consumption tends to increase exponentially at the upper end of the scale, so if you run flat out ( 60-65 ) for a minute or two you will run dry. That is what the auxiliary hand pump is for.
It sounds like a bit of a fiddle, but it really isn't, it is quite an effective way of lubricating your motorcycle as long as you take time to understand it and adjust it to you motor and riding habits. Once set right it is generally good for a long time.