Thank you for the information. I'll go out to my Aries this afternoon and check everything you suggested. I'm not afraid to work on the A/C system, but have very little experience, so I appreciate as much help as I can get.
Later in the day update:
I unplugged the connector on the low pressure switch and use the meter in the audible tone position across the two pins on the switch. I did this with the engine off, with the engine running and finally engine running and the A/C switch pressed in.
Unfortunately, I didn't get a tone, so the the switch is not closed.
Based on this I though...maybe a bad low pressure switch so i tried a used one I pulled out of the junkyard last week. I believe that switch is likely good since the switch bled off for several minutes when I unscrewed it from the donor car. I swapped it onto mt Aries but no tone with that one either.
I think the valve seat valve is seated properly and the switch is depressing it enough. It looks about right... although I guess I could try backing it off a little and see how far it will unscrew before it starts leaking. In fact, when I unscrewed the valve today (from the donor car) the switch had a little hissing when I held it to my ear, so I think its opening the valve. However the hissing was much less then it was when I pulled it from the donor car in the junk yard.
I'm now wondering if there is a leak in the system or if the system is simply too low. I'm not willing to trust my cheap gauge anymore since I think its not working properly enough to get a reasonably accurate reading http://idqusa.com/product/gez-1ezchillr-134acheckgauge
Guess I need to find a better budget friendly gauge and see what the pressure actually is.