Thanks for the replies. Guess my concern comes from not seeing the valve spring caps wet and allowing stem and guide oiling. I had hoped not to have to attack the oil distributor or pull the rocker shafts, but will if some road travel does not show more oil in the rocker box.
Did notice that at fast idle there was a steady drip from the open tube leading down from the oil connector casting to the center oil drainback hole in the head.
The engine is a Forberg rebuild of about 25 years ago with about 10k miles on it. No sludge or funny noises and compression, warm, plugs out and open throttle is just under 120 PSI +/- about 2 pounds.. Idle vacuum (800 feet above S.L.) is a steady 20 inches. Only complaint is popping thru the carb on fast throttle up- one pop per push, but its a big one if the push is fast. (Looks like a good squirt from the pump but???)
Bill