I wouldn't use a whole can of EOS .
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For what it's worth, today's oils are worlds above what was available when that car was new. The biggest problem back then was sludge, and lots of it. You are not likely to have that problem with any of today's engines.
That engine was never rough on cams. The tappets are a mushroom design, providing lots of surface area against the cam. Valvetrain wise the wear usually was with the rocker arms and shafts and I think most of that was from the sludge problem.
If indeed you are concerned about the ZDDP level in the oil additive package, do as others have suggested and use a diesel rated oil. I agree that you have found the correct viscosity and that either 10W30 or 10W40 are ideal but remember that when it was new 20W20 was specified. I would not go any heavier for the cold rating and would not be afraid of 5W30.
My first car was a 1954 Ford and while I owned it I replaced the original engine with a 1957 312 Y block V8 that I installed a hotter cam and stiffer springs on so I'm very familiar with that engine.
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There are many higher performance engines running schubeck lifters or going with tool steel flat solid lifters and having excellent success compared to the cast lifters.
http://www.schubeckracing.com/new2/index..._position=61:53
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schubecks are nothing like an OE cheap lifter. One will wieght like a boat anchor and the other is feather light.
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Local auto parts store has Delo and Rotella - but im not clear on what type i should be looking for - SL or SM or what? Sorry - I am really uneducated about this. Best I can tell, though, all I can find is the newer "improved" rotella, which I understand to have reduced ZDDP, etc. How can I know which one is right?
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And to convert from synthetic BAC to dino, should I do a quicky motor flush - like the gumout stuff (basically kerosene, IIRC?)? Or just drain the synth and add dino?
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Also, I finally looked int eh BAC of the shop manual. All the time rebuilding the car, I never got to the basic maint specs in the back! Spec for operation at +30 degrees is straigth SAE 20W, with a rating of MM....
Please, guys, keep the info coming. I really need your help/expertise!