I looked in the valve cover (filler cap). It looks dry, besides the oil I have poured in. No rust just dry and it has run up tp 3 minutes. I am going to pull the valve covers but I dont think I will see oil squirting. Then what.
Oil pan comes down?
All the Oil passages are probably blocked up. You should have changed the Oil and Filter and added a little ATF to it to help clean it out.
The ATF acts like a Detergent that helps clean out the gunk. After it’s warmed up, drain the Oil and do another Oil / Filter Change. Use low viscosity oil or see if you can get some Engine Break In Oil.
Did you crank the engine with the Coil Disconnected to get the Oil pumped through the Engine?
Might just be worth the trouble to pull the engine and rebuild it. You will have to do it anyway if the Oil isn’t reaching the Top End.
Are the Engine and Transmission Numbers Matching? If not, put in a Crate Engine and new Transmission and turn it into a Resto Mod.
Or, just do what you want to do. LOL