Got the carb set up correctly, eventually got for a decent run last Sunday. Felt it had never run better, Just pulls and pulls, if I had pulled like it when I was younger I would have gotten laid a lot more. Got back home and decided to give the engine bay a quick once over, took the rad cap off (it had cooled a little at this time) and the water level was low but not too much. Added some hot water and noticed what looked like some beads of oil floating on the water. B!"?$%^&*()_+X !
There is no water in the oil that I could see and no steam out the exhaust. Havn't had the time to investigate further, plus I have just begun building a garage for it. So it may have to wait a while.