Hi Guys, I have a 52 Farmall H that I bought out of an old shed. It had sat for at least 10 years. Motor was siezed. I got it loose and the initial compression tests on 2,3,& 4 were 140-145. #1 was 110lbs. After all the various concoctions and soaking the compression is now 140-145lbs on all cyclinders. Oil presure stays between 55-65lbs. It starts and runs really good has lots of power and will run a 7" shredder in knee high grass with little effort. I have skidded 5-6 logs and it lugged down,lost traction, and just spun the tires. It never did kill the motor. The motor smokes and uses a quart of oil in 3-4 hours. About all I have ever done was some shredding and riding around. Until tonight!! I hooked on to my hay rack and hauled 20 people around to look at Christmas lights in our subdivision. We had a great time till we got back to the parking lot at the grocery store and realized everybody was covered in oil spots. Apparently this motor is spraying oil out the exhaust. I ran my finger around the muffler exit and it has about an 1/8" layer of grease in it. Looks like I need to get into the motor. The way it runs I sure wouldn"t think it needs a major overhaul. Please express some opinions on whether I can just put some new rings in? It has stepped head pistons in it, do you suppose that the engine was rebuilt and the valve guides have never been replaced? Can you have that kind of compression and still have bad rings? Thanks in advance.