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 - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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