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I realize Dan already covered this, but I just want to emphasize the flame trap issue.
I had a friend who got a 245 for cheap from his dad. His dad thought it was doomed because it was leaking oil. My friend asked me about it and assumed a seal was blown somewhere and I gave him the canned "check your flame trap." Finally, he gave up trying to find it and I helped him out with it. The thing looked like someone had filled it solid with black shoe polish! Needless to say we found his problem.
The flame trap is a part of your engine's breathing scheme. If the vapors that find their way into your oil can't escape using the path the engineers wanted, they will find their way out some other way.
There is an entry on this subject in the 700-900 FAQ here.
Good luck.
/Jarrod
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