Last October at a MCCDC Noggin, John McClelland told the story of his +4 
with almost the identical symptoms.  It turned out that the distributor 
shaft was not true.  The car would idle fine, but after about a mile at 
driving speeds oil would travel up the shaft and soak the points.  After 
being stopped for a few minutes the oil would drain back and the car 
would start only to repeat the process when driven.   Bizarre as it may 
sound, John's emergency fix was to fashion a shim from a cut in half 
razor blade and using a jewelers hammer to tap in into place.   The 
upward flow of oil stopped and problem solved.  However, John did not say 
for how long.   Ed Zelinski commented that he had a similar experience 
and found that a cut up beer can also works well in this application.
I know this sounds strange and we were drinking at the time, but after 
all they are Morgans!
Good luck with your fix.
Tom Warden
1965 4/4 (B1063)
 
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