geterdun
+1y
If the pvcc valve is bad, that would allow pressure (ring leakage) in the engine to hunt another excape, which usually will be the crank seal. You can replace the three dollar valve, clean the engine and see.
It may be the seal only. The seal has been hot and cold alot of times over years. Not to mention wear from the shaft spinning inside it.
I still would check the compression. If compression is good, replace the seal and drive on. These motors seem to run forever.
Since you have already been there, let's hope it is not the rear seal.
Prices of used engines are high but still used, so figure parts, machining cost labor, if not yours to justify buying a used engine. Maybe you can find one locally and see it run before it is pulled. Go the the trouble of checking the compression, or watching them, on it before sealing the deal.
You can consider another engine, like 4.3 vortec GM. HEI distributor and pre-computer carburator. Cost and ability is always a part of the vehicle. I have done the 4.3, drop in, no truck modification. Uses original frame engine mount pads.