Hello all, newbie here that has found alot of useful info here! Thank you all for the help! Now here goes, i bought a 90 rinker v 186, orginally had a 4.3 i/o and the people i bought it from put a 5.7 in it. Well marina told me motor had water in it so i found a 5.0 volvo penta so i swapped everything over, new coupler, all new bellows, new gimbal bearing. Put a mech fuel pump(auto-in process of buying a marine one). Finally had it on water sunday, ran decent, first test has smoke coming from the little breather cap in valve cover and blew the dipstick out of the tube. This was a makeshift dipstick and tube as there is very little clearance from the bottom of exhaust manifold. Stuck a hose and bolt and clamped them in, ran it again, ran good but not sure what to do next. It has a 2bbl rochester(i think) carb with a hose out of the back of it at the bottom that is pulling a vacuum from, stuck bolt in it til i hear what to do next. Been told everything from bad motor, worn rings, cranckcase needs a vent. Trying to figure out best way to fix whatever else is wrong. Would appreciate if any of you guys could give me some ideas. Thanks