Hi Woodswarrior,
I appreciate how you guys are discetting this thing with the boot. Its interesting, especially given the poor oil system that this car has (as Ive heard). What I mean to say is that while I do not know as much as you guys know, when I took off the oil pan you can see how the oil flows down through the oil tubes in the pan and then is squirted out to hit a dipper on the lower part of the piston bearings. I guess that is not very effective...but it is what it has so Im running with it. My oil holes lined up well, just a little clogged with grime over all those years.
I did want to mention, however, that my valves also have an oil seal on the valve. So, there is the boot that rides on top of the valve guide, but there is also an additional rubber seal-or washer-that sits inside of the first groove at the top of the valve. The second groove is obviously for the spring clip.
It is funny, however, that the boot would try to keep oil in the valve, especially when the rocker arm is right above it and oil just flows freely out of that into the same space. I guess like one post mentioned, the boot is perhaps more for compression.
I appreciate your guys discussion because I am learning as I go through this and its good to understand how it all works.
Judson