There is but one (1) beeper (horn)... and one (1) TAN wire leading from that horn to the overheat sensor, the VRO pump circuitry, and the oil tank circuitry.
The overheat is engaged via a sensor at the cylinder head that grounds the circuit directly.
The oil tank float causes a connection to engage... BUT... that connection/circuit goes thru a electronic panel/circuit that results in a continuous 20 or 40 second delay before it connects to the horn.
Also... The VRO (Fuel/Oil pump) incorporates a circuitry whereas if a "No Oil" occurred, due to either a actual no oil or air in the oil line... the warning horn would beep every other second.