Yeah, that's what I meant.

 

How does the fuel end up mixing with the oil if the carb is tuned to rich?

 

If it's REALLY rich, the combustion chamber doesn't fully burn the fuel, and some of it gets past the rings because it's much thinner than oil. That will dilute your oil and when it's thinned out it will lower oil pressure.
As Damon said, you can usually pull the dipstick and wipe the oil off with your finger, then smell it and it will smell like gas. With a fuel pump leaking gas will get past the diaphram and dilute the oil, same results.

 

hmm it mostly smells like oil but there could be the slightest scent of gas but i'm not sure...im almost thinking that the car could be running alittle rich right now because when its running you can smell gas pretty easily...if the carb is too rich/lean would it cause the engine to bog when you step on it?

 

Yes, an improperly adjusted carb can cause driving issues, and possibly a bog. Have you tried tuning it, or is it just too old to mess with?
If you had enough gas in the oil to cause low pressure, you'd definitely smell it very strong. Sounds like that's not the problem.

 

I would change the oil. Maybe even got to a straight 30wt. I'm not sure what oil you have in it now.

 

I just changed it probably less than 100kms ago its 20w50 same as i had in it last year

 

what oil filter are you using? i have had a couple of mechanical gages go bad in the crabber. one just quit showing any pressure. freeked the begebbers out of me. took a minute to figure out that if i had no oil pressure the alternator would not be working, its hooked to a pressure switch, and it was working so i knew i had at least 5 lbs pressure. anyways it could also be normal wear has caught up and thats how it is.

 

yea its not like it has completely failed and is showing no pressure because that would scare me too but im almost thinking that maybe something is just wearing out...how much pressure would be the minimum to drive it under? because right now the lowest its getting is about 20psi at 1000rpms

 

i have went with like 10 lbs with no problems. i think its a pound for every 100 rpms at idle but i couild be wrong, that may be for a 471.