Mike, if its not already been done, it's got to be worth pulling all of the plugs, and seeing if any of them look particularly oily: might give a clue. If not, two words: Check and Compression

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Testers are not expensive, just make sure that if you buy one (recommended) that you get one that can reach down the plug hole: I borrow my Dad's one: it's an obsolete make but the important bits are:
a) Its got a long flexible neck, with the dummy plug on the end: i.e. it screws into the plug hole: some of them used to have a rubber cone that you pushed into the hole: trouble is it's not very positive and you need two people to operate it.
b) This one has a positive lock: as it pumps up, the 'gauge' (actually a bar in this case) positively locks, so that it records the highest reading, until you positively cancel the reading.
Just for reference, when you do a compression check the important thing is to always carry out the test in the same way. Usual practice is to test from stone cold, throttle wide open, and crank until the pressure goes no higher: usually shouldn't take more than four or five compressions to find it's level. Only thing to note possibly is whether you removed all of the spark plugs, or just the one on the cylinder you are testing (affects the cranking speed slightly: not enough to really make a difference).
When you've done the test, you are mainly looking for differences between the cylinders, within 5% is (I think) considered pretty good, and 10% just about acceptable. To give an idea, my little 914 differs by 3 psi between all cylinders, which I'm very happy with (pure luck I think).
Good to hear that your oil pressure sounds very healthy, although you may find the temperature goes up, and the pressure falls a bit in the summer: either way, at least you have the option of several acceptable 'thicker' oils 'in reserve': no bad thing at all

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If you've got clean plugs, and good compressions, coupled with a very nice oil pressure, I would rest easy and enjoy the car. When you think about it, really you would expect huge billows of smoke if the engine was chucking out enough oil to sit in the tailpipe(s) so hopefully you will only find evidence of a healthy engine

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