Ok, the saga continues......
I popped the rocker covers off and found the rockers were ratting, a quick feel with a feeler guage showed 0.2mm between adjuster and valve stem on all valves.
No.2 inlet was spongy, all the rest were firm. I suspect someone might have "done the tappets" at some point in the past. hmmmm....
At least all the thread lengths were pretty much the same so no dropped valve seats.
So I set them up as reccomended with 1/2 turn in from just barely touching when cold, with a plan to re-do it to 1.5 turns when warm.
I did it CCW, 1234.
While the plugs were out I did another cold compression check and found No.2 was low this time so that ties in with what George was saying about drained down tappets.
That's me happy that while compression is low on all cylinders it's not drastically low on No.3 as first thought.
One happy BBB at this point.
While I had the covers off I cleaned off all the blue hylomar that was caked in there and fitted new cork gaskets as the rubber ones seemed to be not quite the right shape.
So i fired it up and noticed that the cork gaskets were leaking. Grrrrr.... where's me hylomar.
I also noticed No. 4 exhaust header gasket was blowing, so I gently eased out the bolts (yes bolts, not studs for some reason) without shearing them and fitted a new gasket and shiney new bolts. I had to pull the oil filter off to get at the lower one so drained the oil and did an oil change while I was at it.
Fired it up again and it's still blowing so I nipped up the lower bolt a smidgeon and ping!!!! I stripped the thread.
"oh dear" I shouted, "what a shame" (or something like that anyway).
The lower bolt did look in pretty bad shape when it came out so maybe it wrecked the thread on the way out but now I'll have to pull No.2 header off too to get that section of pipe off and helicoil or 10/8 stud it. not the end of the world, but the end of driving the bus for a while.
Again, the top nut (yes, nut this time) came off the stud no bother with a bit of to-ing and fro-ing so I didn't shear it, but the bottom one is proving stubborn so I called it a night.
No photo's as I was up to my wrists in oil but you guys know what this stuff looks like anyway so nothing new to show.
Time for a cold one.