Time to rebuild?

I'm wondering if I need to start planning a rebuild. SlantSixDan says yes in my post about this on slantsix.org and I don't doubt he's right, but I thought I'd start a new post here since there are some smart folks here who don't frequent the .org side. This is a bone stock 1974 225 with 82K miles. Before I got it 2.5 years ago, it had 79K miles and had sat for 8 years in a garage. It does have a new carburetor.

As soon as I bought the car I noticed a raw fuel smell in the garage after parking. I finally found that a fuel/oil mixture is getting into my air cleaner via the crankcase breather, and occasionally dripping over the inside lip of the air cleaner onto the carb and manifolds. That suggests blowby pressurizing the crankcase beyond what the PCV valve can suck out, also fuel washing down the cylinders getting into the oil. Here's a list of possibly helpful information.
What do you think? Oh, and here's the car so you can put a "face" on the problem.
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