Wow, good info guys, thanks.

Yeah, my rear cylinders are the culprit. Number 4 isnt firing and everything checks out (timing, compression, valves, injectors, etc) except for the IP. I think that #4 cylinders IP injection mechanisms are malfunctioning.

I think it is really silly to use an independant oil supply for the IP considering it uses regural weight motor oil. I never knew it even had an oil supply untill I saw a red cap down there... mabye the previous owner didnt either??

Well, I am this close (pinches air) to ordering a rebuilt IP. I just need to perform a height squirt and volume of fuel test. Damnit... $600 pissed away on a $2000 car ... for one part! At least I take refuge in the thought that it has new paint and a rebuilt motor (head AND block.)