It's running right now, oil pressure is 65-70psi at 140 degrees. No smoking after it warms up, there is a little while it's cold. I'm not familiar with how to test blow-by. Power seems good to me after it's warm, but I don't have another example to compare it to.Does it smoke excessively, significant blow-by, how is oil pressure?
if oil pressure good, how is power? If all is good, you could take compression readings on cylinders to confirm rings are good.
Here's a video of what it sounds like, not sure if this will be helpful. Engine was at about 120 degrees when this was taken, it gets quieter at normal operating temp http://vidmg.photobucket.com/albums...loads/2015-11/20151108_124600_zpsbvl88asq.mp4