Mike.......surprizingly enuff, anti-freeze even has water pump lube in it but that ain't what is causing you to see "oil" floating on top of yer anti-freeze. Yer HI-PRESSURE combustion is forcing combustion by-products past yer cylinder head gasket and vola', you now see "oil".
It would take a "vacuum" to suck water the other way past yer head gasket ...or... you'd haffa have a cylinder head crack to gitt oil in yer oilpan.
Bottom line, replace yer head gasket and have yer cylinder head checked for "warp-age" atta machine shop. Automotive machine shops will "skim" yer cylinder head level again. Very common practice. ......Dell
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
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