I have a question. Is the oil leaking on the outsided of the head, and down on the manifold, or is it leaking inside the exhaust port?
If it is leaking on the outside and running down, I would look at me valve cover gaskets. If not that, then I would look for a crack around the manifold bolts. If it is leaking inside the exhaust port, then I would check your valve seals on top of the valves. I am not exactly sure if Buicks are the same as chevys, but if they have seals on top of the valve guide, then I would look there for a leaking problem. If it is external and not the valve cover, then I would be concerned. I guess an alternative to that is if it is leaking below the exhaust port, then it could be the head gasket leaking around where the oil is going to the head from the block.
The back fire is either from a lean condition or a timing issue. I would check to see if the idle jets were opened enough, and check for air leaks at the carb base plate to intake. Also check the timing. It should be 12 degrees advance with the vacuum advance unhooked and plugged at idle.
Is yours a 445 with the Rochester 4Jet? I have a 62 Invicta with that engine in it, and It was very lean especially when I opened up the secondary barrels. I found two things. My timing was way off, so I fixed that. Then the brake booster was leaking badly and was causing a lean condition. But the final thing was after I rebuilt the carb, the back two barrels were staying open just a little bit, and that was causing the engine to be very lean at idle. It was very frustrating. I changed intake gaskets, and carb gaskets 3 times and doubled them up and even used copper coat sealer on them. Once I figure out the issue and fixed it the old Nailhead has run great. Keep after it. You will be glad you did. These engines are a lot of fun to drive. Tons of torque.
Good Luck.
Randy
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