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Interesting. Overheated a few months ago, now oil is leaking around head gasket and plugs are oily. Sounds like a slightly blown head gasket to me. My brother ran an american v8 car with a bad head gasket and ended up burning a groove between 2 cylinders, effectively destroying the block.
As for the dial gauge thing, just measure them all and look at the range of travel. If all the intakes are within about +/- .005", same with the exhaust, then the cam should still be good for awhile. If you pull the head you can pull the lifters( make sure they return to the same holes) and inspect the cam for scoring,
Lee Boerner
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