Correct me if I'm wrong, but there are only two places (in the simplest case: no emissions add-ons) where gas and oil can meet: 1. at the fuel pump (a leaky diaphram), and 2. in the combustion chamber (ring wear and a rich mixture).
In the emission-control case, the side- and valve-cover breathers connect to the intake manifold, with the PCV valve in between. Maybe your PCV is bad?
I rebuilt the top end of my fuel pump (diaphragm up) from a SS kit. There wasn't much to it. Along the way I noticed the bowl was corroded through to the top chamber, right in a corner where a lot of crud had collected over the years to seal the hole. One of the risks of trying to be really clean on old metal.
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