The 340 is finally being rebuilt
Stopped by the restoration shop (http://www.rossrestorationsinc.com/) and took this video of the 340 started up w/o the exhaust system attached, i.e., The Open Header Effect.
[ame="http://www.youtube.com/watch?v=jPwuFlWcSt8"]‪Engine Startup July 22 2011‬‏ - YouTube[/ame]
Started to smoke a bit on the passenger side, which turned out to be some oil which had previously dripped on the header pipe.