I don't know about rebuilding costs, but I have worked on the 3.7 engines. What are you considering to be excessive oil consumption? Are you having to add oil frequently between oil changes? Say more than a quart in 3000 miles? Do you smell the characteristic burned oil smell in the exhaust? A bit of black in the snow under the tailpipe can come from more than one source, and is not necessarily an indication of oil consumption. Starting a cold engine is accompanied by a rich mixture that allows some soot to form. A cold catalytic converter will not remove that. Now consider: you spend a lot of money on a rebuild, your time and labor, and when it is all done and re-assembled, you still have black crap dripping out of the tailpipe. What then?
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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