Usually the devices you connect to for test and calibration have some effect. Oil does not freeze, water does. Oil does not expand as you pass downscale of the freezing point, water does. Water corrodes brass/copper tubes. Stainless is fine for these. Cost is often a determinant of pressure meter makers.
If you are pressure testing a water filled tank, you would use a water filled test system, because if it leaks you do not want oil in the tank for contamination or later welding of leaks where oil may vaporize and burn
water does indeed corrode brass and copper. Admiralty bronze and many bronze alloys are corrosion resistant.
Inspect a copper pipe, it will be lined with corrosion and domestic water pipes corrode through in as little as 50 years or so - depends on water chemistry, velocity etc.
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Unless contamination is an issue, I prefer using water in my hand pump it's less messy than oil, and can be refill anywhere, I haven't had any corrosion problems, I only pressure up small sections of three eighths or one quarter inch tubing so the difference in expansion is not a problem.
thanks
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