I'll tell you what I would do before I started taking things apart.
I'm NOT telling you what you should do, and IDK why no one has mentioned this yet, and yes I read the entire thread.
As for the oil getting sucked up from the valley
here is an easy test; Just flip the PCV out of it's grommet, and plug both valve covers. Then, put a vacuum gauge on the dipstick-tube. and get the engine running.
In this condition, the CC should begin to build pressure, as blow-by begins to pressurize it. If you see vacuum, badaboom the intake is the culprit.
As to the why of it, well that needs more diagnostic.
At Idle, pressure is usually slow to build, but if it goes past 3psi, often by 4psi, it wants to blow something out so, STOP the test before it blows the rear cam plug out. I'm NOT paying somebody to re-install it.
Now; if the pressure pops up right away, You gotta suspect a gouged cylinder wall.
As to the odd Leakdown test.
I would do it again but this time, with all the valve gear removed. By doing it this way, the compressed air will blow the piston down to the bottom, into the area of nearly new cylinder walls, and you can almost ignore ringseal. Now, if you measure leakage, you can almost bet, that it's a valve.
Furthermore, with the piston at the bottom you can now tap the valves down, and on the LD gauge, see instantly if anything changes. PLUS, if something does change, you will hear it in the change of the sound that the valve makes when it slaps back onto the seat. A sealing valve makes an energetic slap at 100psi that is impossible to miss. I don't even bother with the LD gauge until I find a suspect valve.
And finally, if you do not find a leaking valve using this method, nor a leaking headgasket etcetera, then, you gotta go look for a cylinder-wall gouge. I do this by reducing the test pressure to about 30psi, then slowly bringing up the piston, stopping about every half inch and holding it there while watching the LD gauge. If the LD is the same from bottom to top, then that cylinder is not gouged.
But with the piston held stationary, if at any time the gauge pressure drops, that's a problem.
Don't forget that when you go to reinstall the valve gear, the shafts need to be correctly oriented.
That's what I would do.
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Now, just FYI;
I run a similar cam (230/237/110 Hughes, in straight up) on my 11/1 Edelbrock, alloy-headed 367. It really came alive with the RPM AirGap, and a 750DP. I won't say it revs willingly to over 7000, cuz it makes RRR sick to hear that, but sometimes I even hold it to 7200.
But what I will say, is that in Second gear (manual-trans, 1.92 x 3.55= 6.82 Roadgear), it will initiate tirespin at up to 55mph with just a foot-stomp, even with up to 325s.
The point is this;
if you ever get that beotch running right, and yur running 245s,
be vewy vewy caweful on your maiden voyage. As in; do not stomp your 750DP carb while cornering, cuz a skinny-tired A-Body will spin you around lickity-split, and in traffic, that's a little crazy; don't ask me how I know, lol. Remember, I didn't mention 7200, at all.
Mum's the word about 7000.
Furthermore; and just so you know what is possible;
A) with a 223/230/110 cam, in at 106, I ran my alloy heads at up to 195psi , in a street car. and
B) With the current 230* cam, now in straight up, I have managed to whittle it down to 180>185, cuz at 195, and with a clutch, it was hard to drive at slow speeds.
If yur really at 9.8Scr and your Ica is 62* (your cam in at 106), and say you are at 500ft elevation; Then the Wallace Calculator predicts your CCP to be 163psi. Every time I use that calculator, it has been within a very few percent of what I read on my gauge.
So then,
with iron heads, for most of us guys, 163 psi with a tight quench, is pushing the limit for pumpgas.
But if your alloy-headed low-compression 360 has to come apart anyway, then I'd be re-engineering it for 195psi, cuz mine runs on 87E10, at full-timing, at that pressure, which makes scary big torque; which is perfect for a lo-stall, hiway geared Dual-Purpose, mostly DD, A-Body.
Just so you know;
I'm Not telling you that you gotta run there.
I'm just saying what's possible, cuz I already did it, over 100,000 miles ago. Nor is this a brag, Rusty, I really don't care if you vomit all over yourself, again.