Your analysis was taken at face value. Quite similar to my take on the situation. Appointment made at "trusted" mechanic. My uneducated guess is pump(drawing side) related. Gawdamighty! Engine rebuild time? Hope not as I JUST purchased this thing! Ran fine at try out time. Motor Meister? Hope to hear from the folks here that there is something I am missing that is "typical" to this situation. My understanding is that crankcase(ideally) holds about 1 qt. of oil. Rest of oil is circulating, or in tank. It appears that my crankcase is drowning in oil, which probably bathes cylinders in oil which finds its way out! Any other path to the exhaust?(in liquid form by the quart!) Many thanks for your help, pwd. By the way, I believe it was you who sent me the photocopy of MFI info for my 69S. Great help