Ok, boys & girls, here are the results.
Richard, if you’re out there, yes my oil dipstick has a baffle. I didn’t know what that was until I looked it up.
The engine fired up wonderfully- just like in days of yore.
I let it warm for a few minutes, then did the compression test. Starting with the first cylinder (at the front of the engine) and working backwards towards the firewall:
90
90
95
110
I used an OEM tester.
I let it idle for 30 minutes. A lot of smoke at first from the tailpipe and from the joint that connects the exhaust manifold to the tailpipe. After a few minutes, the latter stopped and the amount of smoke from the tailpipe lessened - but did not stop. I never had smoke before all this trouble started.
I checked the oil filler tube to air cleaner every few minutes and there was a vacuum, so all looks ok there. Unlike before, this time there was no gushing of oil/gas out this port.
Not one time in the 30 minutes did it “miss a beat,” at least to my untutored ear.
I’ve never had a lot of smoke before. During the run, the oil pressure (if the gauge is correct) dropped from about 41 to 38 psi.
So, the original issue “appears” to be the fuel pump.
I’ll take it out tomorrow for a run and see what happens. Right now I’m headed for the gin bottle.
Thanks all!