Well I am at a milestone...
Did a compression test today and the results are really, and I mean really bad...
Surprisingly for a 4.7L the issue is not with the head or head gasket...
A wet test got everything back at the top of the scale. Here are the results. I did not have the time to perform the wet test on all the cylinders s only the ones with a second result below the line have had a wet test.
The first thing that comes to mind is I could swap for a slightly newer truck and this time get a HEMI as I now know better...
Second option would be to replace the engine all together. However I have a fair amount of body work to do on the truck and not quite sure it is worth it...
The third option which I am leaning towards would be to open the engine up, wishfully thinking I will not find anything else really bad under the covers, do a simple ring job, new head gasket close the whole thing up and hope for the best.
Since I am on a very tight budget option 3 would be preferable from an overall cost perspective, but it will be time consuming (which maybe I can deal with), but I fear I'll be opening a can of worms...
I'd Like to have your thoughts on this one.
Trade, Swap or Fix?