ok i got it advanced to about 25 degrees for now. adjusted all the valves good. it runs very smooth and has good power. i took it
for a good long ride, and when i got back to my brothers shop, i checked the oil filler. both sides had a slight vapor coming out, but it wasnt one puff after every engine cycle, it is now a slight constant flow. is this vapor definitely water? i mean the oil doesnt steam? i know that if oil gets on teh headers it steams. this is pissing me off every website is telling me different.

 

Oil does steam at high temps, and can easily do so inside the engine. What most people don't realize is that motor oil will actually boil before it flashes. Most oils have a boiling point about 20 to 40 degrees farenheit below the flash point. It's just that most of the time when it's hot enough to burn, it's gets there almost instantly and doesn't look like it's boiling at all. However, you may want to make sure there's no other liquid getting into your engine, like coolant, or brake fluid, if you have vacuum assist brakes...