73 340 Compression Test interpretation help

No PCV Valve?!? THERE'S YOUR PROBLEM!!! Or at least some of it.

Really, add one. Less smoke, way less oil leaks, only costs 20 bucks.

YES 100% agree, you must have one and that will take care of a lot of the blowby. The other issues are just some signs of wear.

Also make sure on those valve covers you get the deeper gromet so that it does not suck up oil into the valve, then you will have more smoke all the time. seen that too!