Background
To create a algebraic formulation of Gilbreath's conjecture we will do the following. Using the notation $i=1$ and $p_k$ is the $k$'th prime:
$$ x^{p_i} + x^{p_{i+1}} = x^{p_i} (1+ x^{|p_i - p_{i+1}|})$$
$$ \implies \frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} = (1+ x^{|p_i - p_{i+1}|})$$
However for $i+1$ we have:
$$ \implies \frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} = (1+ x^{|p_{i+1} - p_{i+2}|})$$
Adding the above two equations we have:
$$ \implies \frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} + \frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} -2 = x^{|p_{i+1} - p_{i+2}|} + x^{|p_i - p_{i+1}|}$$
Now assuming Gilbreath's conjecture to be true and $ |a-b|=1 \implies a = b + O(1)$
$$ \implies \frac{\frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} + \frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} -2}{x^{|p_{i} - p_{i+1}| +O(1)}} = 1+ x^{||p_{i+1} - p_{i+2}|-|p_i - p_{i+1}||}$$
However for $i+1$ we have:
$$ \implies \frac{\frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} + \frac{x^{p_{i+2}} + x^{p_{i+3}}}{x^{p_{i+2}}} -2}{x^{|p_{i+1} - p_{i+2}| +O(2)}} = 1+ x^{||p_{i+2} - p_{i+3}|-|p_{i+1} - p_{i+2}||} *$$
Adding the above two equations we have:
$$ \implies \frac{\frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} + \frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} -2}{x^{|p_{i} - p_{i+1}| +O(1)}} + \frac{\frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} + \frac{x^{p_{i+2}} + x^{p_{i+3}}}{x^{p_{i+2}}} -2}{x^{|p_{i+1} - p_{i+2}| +O(2)}} - 2 = x^{||p_{i+1} - p_{i+2}|-|p_i - p_{i+1}||}+ x^{||p_{i+2} - p_{i+3}|-|p_{i+1} - p_{i+2}||}$$
$$ \implies \frac{\frac{\frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} + \frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} -2}{x^{|p_{i} - p_{i+1}| +O(1)}} + \frac{\frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} + \frac{x^{p_{i+2}} + x^{p_{i+3}}}{x^{p_{i+2}}} -2}{x^{|p_{i+1} - p_{i+2}| +O(2)}} - 2}{x^{||p_{i+1} - p_{i+2}|-|p_i - p_{i+1}||+O(1)}}= 1+x^{|\dots|} = 1+x$$
*Why? Because using Gilberts conjecture:
$$ ||p_{i+1} - p_{i+2}|-|p_i - p_{i+1}|| = ||p_{i+2} - p_{i+3}|-|p_{i+1} - p_{i+2}|| + O(1)$$
But,
$$ \implies 1 + O(1) = ||p_{i+2} - p_{i+3}|-|p_{i+1} - p_{i+2}|| $$
Conclusion
We notice the following pattern emerging:
Generation 1:
$$ \frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} = (1+ x) $$
Generation 2:
$$ \frac{\frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} + \frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} -2}{x^{|p_{i} - p_{i+1}| +O(1)}} = 1+ x$$
Generation 3:
$$ \implies \frac{\frac{\frac{x^{p_i} + x^{p_{i+1}}}{x^{p_i}} + \frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} -2}{x^{|p_{i} - p_{i+1}| +O(1)}} + \frac{\frac{x^{p_{i+1}} + x^{p_{i+2}}}{x^{p_{i+1}}} + \frac{x^{p_{i+2}} + x^{p_{i+3}}}{x^{p_{i+2}}} -2}{x^{|p_{i+1} - p_{i+2}| +O(2)}} - 2}{x^{||p_{i+1} - p_{i+2}|-|p_i - p_{i+1}||+O(1)}}= 1+x$$
Generation 4:
$$\vdots$$
Question
Does this already exist? Can any sort of distribution be obtained by this formulation of Gilbreath's conjecture? How does that distribution compare with Prime Number Theorem?

