Norm,
I suppose that *might* work but those head bolts are pretty tight as torqued when assembled, they may have stretched a bit but if you go reefing on them and bust one off in the block then you will really be singing the blues. You could check with a torque wrench to see if they have loosened but I don't think I'd go beyond the specified settings, myself.
The results of a compression check would be interesting; perhaps the gasket can seep like that for years without impending doom. Nevertheless the gunk on and around the engine will not prolong the life of any components or wiring, and will eventually eat the paint off the engine.
I'd watch it close and prepare for some repairs in the spring.
Shifted
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'87 745t 214,000; '93 Toyota MkII; '73 Suzuki Jimny (Brute) LJ20 360cc
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