My oil burning pig. Pics too!

I would be looking for No oil leakage at atmospheric pressure.Zero. And next morning if the oil level is still up, I would pump the stem back and forth, (wiggle test), in the same direction as the rocker arm points, about 700 times, and then I would pump the stem up and down about a half inch,(or until it kisses the piston) another 700 times. Ok not 700, but, IDK, say 30 or 40 times. Then pull the stem back up and check the level. It should remain pretty much exactly the same with good parts.
-Make sure the piston is at TDC, so you can't drop the valve into the cylinder.
-I remember, in the early part of the thread, reading those compression results. But I assumed that was done when fresh, and zero miles.
- 78/78 AND a PV is very odd jetting, for a combo like yours.
- if the float levels are stable,while idling, that more or less proves the float valves are OK.
-just how big is your cam, and on what LDA.
- you're not, by any chance running a too-high oil level, are you. I mean if the crank is beating up the oil, that is hard to control.
-Not to be a dick, but street motors really benefit from working advance systems, and especially including a Vcan. At part throttle, lightly loaded, and at rpms say between 1800 and 2800 rpm, a street motor often likes timing in the range of 35* to 45 *, and very often,more. You are severely limiting it, with a locked dizzy.
Furthermore, at part-throttle, and light loading ,and thus timing hampered,the engine will effectively be running retarded timing, and far short of burning efficiently, so, a significant amount of fuel will either not be burned or end up continuing to burn as it leaves the chamber, on the exhaust stroke. This is hard on headers and, you guessed it, hard on gas. And there's a real good chance , if the engine is operated this way for a long period of time, the unburned fuel will wash the cylinder walls dry of oil, and the rings won't stand that for long.
As cams go, mine is pretty small, at 230*@.050, and on a 110LDA. It was pretty easy to tune. The 292/509 was a bit harder.I ran full advance systems on both of them. Smoothed em right out.And the 230* is easy on gas.