Hey all...

Just noticed that it looks like some oil is burning when coasting down in gear, most especially when going downhill in a lower gear. It doesn't smoke otherwise while running idle, accellerating, nor driving along...it only does it when slowing down or coasting downhill in, say, third gear. Is this good, bad, or ugly? What, if anything, would this indicate as far as the engine's condition?

Just as a little background: The engine on this '68 just turned 116K miles. The first owner who bought this car brand new had it for its first 36 years of its life and drove it very little, and the stack of the receipts for every cotton picking piece of work he had done on the thing support that it's really 116K and not 216K+. The driving habits appear to be mostly short drives in the city, especially since he lived only 4 or 5 miles from work. I'd say that perhaps some components have become tired or worn from the city driving and from sheer age, so I would not be surprised if a valve job or something of that nature would be required. I guess I'm just looking for some troubleshooting advice to see what I may be getting involved in at this stage in its life.

Thanks!

- Dan