Originally Posted by Hotrod Lincoln
Does it have the oil distributor cover, down low in the middle of the block on the driver's side? If so, my original comment about getting it running before you get terribly concerned still stands.
Jerry
A 1952 KAQ 235 (from Tonawanda, NY) would have the oil distributor on the block under the middle of the exhaust manifold.

oil distributor
http://chevy.oldcarmanualproject.com/parts/1929_54/085a.htm

1952 codes
http://chevy.oldcarmanualproject.com/chevyresto/52044.html
http://chevy.oldcarmanualproject.com/chevyresto/52009.html