Oil color...normal or is something broken

All of the above is possible. It wasn't run because it was in a drag car that wasn't being dragged any more, so it was a matter of getting it out of the car and into my street car. The carb is a mighty demon that probably does need to be tuned. The previous owner was also running the wrong octane. It was set up for 100 and he was running 112 or 114. I guess the question is do you guys think it needs a full ring job before it gets in the car?