Pessimist that I am, Michael, it would seem as though you are still getting
lots of blow-by to cause so much crankcase pressure. I've never heard of that
level of leakage, especially with assumably fresh gaskets installed. My vote
is a baaddd ring job...
The smoke in the valve cover may be from worn valve guides.
The oil indicator light may be; faulty sender, worn pump, worn mains, or a
weak oil valve ( I can't think of the real name) spring if Spits have 'em.
The oil pressure reading from the gauge will be a good indicator. If your
pressure is generally low even when the engine has not reached operating
temp, it's time for bearings and/or pump. It the pressure is high, it may be
just the sender.
Peter Firla
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