I fired it! First time in at least a year (got it as a rolling shell this time last year, clapped-out engine sitting in the passenger seat). So yesterday I static timed it, fixed a fuel leak and it started right up! It ran pretty good but...
I backed it into the garage, grabbed a timing light, and there's a 1/2 quart of oil on the driveway. After I got my heart back in my chest, I traced the drip from the bottom lip of the bellhousing, up the exhaust side of the engine, suspecting everything nasty, expensive and labor intensive along the way. It feels like it's coming from the bottom of the distributor housing. I have to look at it in better light after work, but I'm not going to be able to think about anything else all day.
Specs is, it's a tii, fresh 9.5:1 Eric Kerman "factory plus" rebuild. Besides assembling the short block, the only thing I've touched on the engine was replacing the dizzy housing with one off my parts car. I installed a new gasket with RTV and let it set up for 1/2 hour before tightening. The dizzy clamp was temporarily loose for timing but that can't be it, right? Exhaust studs were tight last I checked and the leak seems like it's further back anyway.
Sorry for the long post... I know no one here has telekinetic powers, but anyone care to take a w.a.g. based on past experience?
Steve