I don't know if it's just me but I didn't see oil pouring out of the deflector in the video. Be glad you have plenty of oil getting up there because I just corrected a major blockage that prevented oil from getting up to my rockers and it caused some pretty severe scoring on the shaft. I'm burning oil, too, and I don't know if that blockage accelerated wear in the valve guides or not.
This is the rearmost fitting where the oil tube connects (behind the pushrod cover). It's almost completely blocked with crud:
[IMG]
http://i7.photobucket.com/albums/y261/bohon/56%20Chevy%20truck/Blockage019.jpg[/IMG]
This is what it's supposed to look like:
[IMG]
http://i7.photobucket.com/albums/y261/bohon/56%20Chevy%20truck/Blockage021.jpg[/IMG]
