The Stovebolt Site Forums The Shop Area Engine Shop 216 ,fix it or junk it

You could try to lap the valves and check for bent valvestems or sunk exhaust seats. Should be cheap fix if the valves and seats are still serviceable. You may be able to install viton stem seals without pulling head. That'll shut up the oil burning past guides.

But come up with a plan B to prevent "service creep". You know, tune up turns into valve service turns into pull head turns into clean up carbon turns into service bearings turns into rebuild.