Maybe it needs to be broken in still!
![Wink ;) ;)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Start by checking for blow by. Could also be stuck oil control rings, or it really could just need to be broken in more if it wasn't done properly initially.
Probably not valve guides at 200hr.
You could also try pulling a valve cover just to inspect the heads for sludge. Should be clean at 200hr. but if the pushrod tubes are somehow clogged with sludge the oil won't drain back to the crankcase properly and will fill up the valve covers and get sucked down the valve guides, but this is highly unlikely.
Last thing I can think of is that the 002 and presumably the 003 ( didn't look ) have a crankcase vent system going from the rear of the block on the IP side close to the bellhousing, through a separator and into the underside of the manifold.
Similar to a car with a bad PCV valve, I would assume you could suck oil into the intake through that hose if you either have excess blow by or a problem with the oil separator itself.
![breather.JPG breather.JPG](https://www.steelsoldiers.com/data/attachments/644/644021-832ec72bf1f8029dc85d6bcf60c1da68.jpg)