by Old Skool Sun Feb 12, 2012 9:18 pm
A leaky head gasket will leak water outside the motor or across and into an oil jacket or across into two cylinders, but not leak oil all over the outside.
Valve guide seals affect the amount of oil getting past the valve stems, and into the cylinders, fouling a plug, but not going all over the outside of the motor.
BAD OR WORN OUT RINGS will cause excessive internal pressure to blow oil out and all over the engine. A PCV valve will help suck out some of the excess pressure, but will not solve worn out rings.
I would suggest a nice little 200, they are a very snappy little motor and run really well. If you do look for one, get a later year one with a larger intake manifold on the head, the later ones are rectangular looking and have a 1 3/4" carb hole for the larger carb.
I would bet if there is that much oil going all over the place that if it isn't the valve cover gasket that the rings are toast..
vic