I always try to create these threads in generalities. I just need to provide more details from the start. This is a fun toy. 1965 Mustang with a 1969 351W that was rebuilt in 2005 with mild cam, ported and polished heads, Eddy intake, etc. Supposed to be around 400hp at the crank.
I think I'm going to stick with the original plan. Pull the distributor and look at the gear. Inspect the valve train and related. Drop the oil pan which is very easy on these cars and look at the rod bearings. I can check engine compression again but this summer (before I started noticing major oil consumption) all cylinders were 120+ psi cold. If nothing obvious comes back from this I'm just going to drive it until it starts making some more noticeable noises or low oil pressure. It's hard for me to say it's bearing when I have no knock or oil pressure issues. I'm really leaning towards the oil consumption being valve guide/seal related since the only smoke I ever notice is on cold start.
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