jhaa,

Yellow was supposedly the 261 truck engine color in 1957.

As stated above, the major difference between 57 and 58-62 261s is the by-pass oil filtration in 57 and full-flow oil filtration in 58-62. There are also differences in how the oil passes from the cam ends through the lifter journals to the head/rocker-arm assembly (and a few different parts in these areas).

Just out of interest, does the engine have a PCV system?

Tim