Chuck, funny you should mention valve guides. Pat's comment about smoke from ring problems and no smoke from valve guides got me thinking. Yesterday, I took my IM to work and when I left the parking lot, after the usual idiotically long warm-up, I left a rather unpleasant odor. No blue smoke could be seen, but there definitely was an unwelcome oil smell.
I'm losing a lot of oil, but there is very little smoke. Could it be valve guides, and not rings?
My heads are 044 CBs that I had on my old engine. My builder was supposed to go over the heads carefully and do whatever was needed to make them right.
Anyways, I did an oil change yesterday (20/50 dino), as per my builder's request, but if it's the valve guides I don't think it will make a wit of difference.
Stay tuned....