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Bob's post is right on, I would also add, make sure the engine in hot, and the throttle plate is held wide open.
How is the oil consumption? After an oil change, does the oil remain clean for a while?
My old engine, about a tank of gas and the oil was dark, 4 tanks and it was black. Now on the new engine, it has to have 2,000 miles before I don't need my eye glasses to even see it on the dip stick.
I swapped out my engine when having to put in a quart of oil per every tank of gas. Upon examination of the old engine, which by the way never acheived higher that a quart of oil to 1,500 miles of driving when new. The old engine, the rings were badly worn, and the cylinders were worn near the upper most area, the most critical, but the lower parts of the cylinders still had their cross hatching marks from the factory hone. In '95 volvo change there thickness to the rings to something a little more robust.
I don't think you will want to re ring this engine, it is not an easy project, some work would need to be done to the block, that expense alone is enough to think about a swap. You could upgrade to a longer timing belt interval in the process.
DanR '94 964 332,000 miles (98,000 on the new engine)
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DanR
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