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A little history: Truck sat 20 years. Changed oil, plugs, wires etc, and got it running. Used 10/30 and Marvel when I changed, and squirted a little in the cyl. before trying to start it. I have run it in 4 separate occasions for 15-20 min each. The truck smoked pretty bad, especially on one side.
Today changed the oil and filter again and used 10/40 and Lucas. Surprisingly, when I started after the oil change there was little if any smoke.
By the way the engine sounds very smooth and starts right up, almost like fuel injected.
I took it on it's first test drive and no smoke until I had to climb a fairly steep short hill. As soon as I loaded it up to maintain the hill, here came the smoke.
I'm fairly sure it needs valve seals, which can be done without removing anything, but does this sound like stuck rings? There is no appreciable noise such as knocking or ticking. I am getting some black liquid residue from the exhaust but I have attributed that to the cleaners I used but don't know.
Blue smoke or black smoke, you didn't say? Running an engine after 20 years of resting is risky at best. Many things tend to get gummed up in that much time. You may need to get 3-5,000 miles on the engine before you will know if it is going to be a keeper or not. IMHO
Generally speaking, when you apply power (gas) and the engine smokes, the rings are suspect; under high vacuum such as coasting down hill, the valve guides and seals are suspects.
I once knew an old farmer who had similar troubles with an old 292. His solution was simple -he filled the crankcase with diesel fuel and let it idle for 5 or 10 minutes, then refilled with oil. Effective, but not recommended!
Blue smoke or black smoke, you didn't say? Running an engine after 20 years of resting is risky at best. Many things tend to get gummed up in that much time. You may need to get 3-5,000 miles on the engine before you will know if it is going to be a keeper or not. IMHO
Going up hill and adding more throttle would lend to bringing the Power Valve in to play. My guess is that it richened up. Depending on grade it could have a oil passage restricted on the heads and started sucking oil around the valve guides. But it would have to be a awlfull steep grade.