I've been working on a basket case for some time. I am reluctant to sink any real money into it until I have some prospect of success. I have done a valve job on it and adjusted the valve lash back to specs. The cylinders, pistons, and rings all looked good. Because I was being cheap until I saw some daylight, I re-used the old head gasket, which was not exactly in "like new" condition. Now the compression is a uniform 50-60 across the four cylinders, and the "drops of oil in the cylinder" doesn't change it. Does this indicate a leaking head gasket? The consistency makes me think so, but I'd like some consensus before spending.
Otherwise, I'll just repaint the gas tank again...
Otherwise, I'll just repaint the gas tank again...
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