Eric:
There are several wires in that location. The heater recall mentioned only applys to some 1998 trucks. The recall addresses adding a fuse, wire and "buss" bar to the Power distribution box (PDC) as it was "missing from the factory. " This will allow the fuel heater to have power and work if cold enough to activate the circuit. less than 45 deg F? You have a fuel heater relay attached to the fuel shutdown solenoid relay for your fuel heater wiring (the smaller of the two, and is unused on the 98 we mentioned. . no wires are attached to the relay). You also have some wire harness on the fuel heater itself, down in the area you describe. You also have a heavy ought cable that supplies power to the starter and a small solenoid switch wire.
I haven't seen a oil pressure switch harness go up in smoke yet...
I also would ck. the "blue" fuseable link on the DS pos. batt. terminal. Do your grid heater relays below the battery look ok?
Usually if the plunger sticks in the starter, it will not disengage the starter after the key is released causing it to fry in short order and or also damaging the shutdown solenoid.
Good luck,
Let us know what you find.
Andy