WATER IN OIL
DONT RUN IT ANYMORE,,,,I WOULD TEAR THE ENGINE DOWN AND INSPECT, I AM SURE YOU WILL HAFT TO HAVE A MACHINE SHOP TURN THE CRANK AND BUY SOME NEW BEARINGS PROBLY 175.00 FOR THAT, THEN THE HEADS WILL NEED TO BE MAGNAFLUXED AND PROBLY MILLED MAYBE 100.00 + NEW HEAD GASKETS. CHECK FOR CRACKS ON THE SHORTBLOCK AND CYLINDERS, PUT IT BACK TOGETHER, NOTHING TO IT.. 210* DEGREES IN MY OPINION IS TO HOT... WORK ON YOUR COOLING SYSTEM... ALSO IF ANY BEARINGS ARE SPUN THE ROD WILL NEED TO BE MACHINED TOO. GOOD LUCK..