I remember about 40 years ago tuning a slant 6 in a rural postmans car. No PVC in those days, and it was driven too slow to get much road draft. It was ticking rather loud, so needed the valves set. Basically the valve cover was pretty much a solid mass of jellied oil. I disturbed as little as I could, set the valves and buttoned it up. He drove it for years after that, with just plug and point changes. Had over 300K on it when it was sold.
Sludge is not always bad as long as it stays put.
Rod