240 water leak?!
I havn't dug too deap *yet* but at first I though it was from the head gasket, but on further inspection found no water anywhere to be found except for the waterfall coming from between the bellhousing and flywheel cover. I am wondering if there is a freeze plug back there that may have come out? I'd be a shame if this block was cracked... it runs very strong despite the gusher.
http://www.geocities.com/edwins63/BB6.html
there is a picture of the back of a 300, the upper hole is for the freeze plug. Your 240 will look the same. Hope this helps.
Edwin


