compression test question

LullCamp, your compression readings are great and your engine is fine. Is your WOT smoke blue? That indicates oil burning. White smoke is either "too rich" or "coolant in exhaust". The later would show in radiator loss. When you do get a used engine, $700 is a fantastic price for the seller. People give away slant engines because little market since so many upgrade to a V-8. No sense settling for anything but a pristine slant, and ~$200 tops, unless it comes w/ goodies like 4 bbl intake or Offy valve cover.