What I read is that no cylinder should be reading less than 100psi and that is on the LSJ. I do not know about the set up you have. SC with a turbo swap should be the same. Looks like the first three cylinders are leaning and the 4th is flooding. Check the injectors.
Your compression test should read at least 100psi per cylinder and no more than 30 difference in each. So do check the injectors but the informations imply that you have either a bad valve or piston rings which would explain all the smoke and oil leak.
Any questions about the Balt, all answered here:
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Last edited by RedSStreak; 07-20-2011 at 12:40 PM.