Food for thought:

The wear groove you mention is on the balancer and not the crank and can easily be repaired using one of these easily available and common items:

http://www.chevsofthe40s.com/shop/s...amp;dept=Car&searchtype=FT&Go=Go

The smoke could be from tired/hard valve stem seals also easily available:

http://www.chevsofthe40s.com/detail/7504/Chevrolet_VALVE_SEALS.html

Block plugs same story and a good valve adjustment might quiet it down too so you could potentially be only about $25.00 away from a runner. If you truck is roadworthy you can be more patient looking for a donor (like a 261) and drive it while building its next power plant.



1952 1300 Canadian 1/2 ton restomod
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