In another post you said compression on # 1 and none to little on the rest which may indicate a broke camshaft. Does it build oil pressure when cranking. If not the cam is broke after # 1 or the cam gear key or keyways are striped. Gear is still driving the distributor but not the cam. Unless compression on # one was a fluke I would guess a broke cam. Like Jim said the valve movement or no movement would tell if its broke part way back or the problems to front. For whatever reason if the cam doesn't turn you will have no oil pressure.
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Today's Featured Article - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
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