Oil control rings control the oil in the bores, or should do. Compression rings provide the compression. You may have inlet valve seals poor or you just may have worn out guides as well.
If the engine has been re-rung in old pistons and worn bore, it may have reasonable compression but 'oil pump' due to sloppy ring fit in the grooves, or oval bores etc.
If it was the fellow who sold it to you, who said that - well, he might be right or just spinning you a sales pitch. Depends whether he was being an engineer or a salesman at the time.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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