I might try some 'generic' questions, here, as MC has covered most of the common ones already:
1. Do you have the copper sealing washers under EVERY head nut? I can't tell from the pictures. These washers deform to seal closed the holes.
I do have washers under every bolt, but they dont look copper to me. THere was headwork done before me, maybe there was a switchout?
2. There's an awful lot of oil in those hollow square recesses under the cam towers. That's probably coming from not having the second O-ring in place for each tower, which will pressure-feed oil under the tower (MC pointed this out earlier, I think). Good thing the engine leaked, or you would now have junk bearings and cam...
The square recesses were definately full of oil. When I lifted the cam tower, a flow of oil exited. I now understand the o-ring function a little better.
3. The HD studs question: if using the flat-topped 836cc pistons, the compression rise is only about 9.5:1 and the stock studs are usually OK if no leaks appear at the cylinder base gasket from the stretch upward of the larger torque. however, if the pistons are Wiseco with their [advertised] 10.5:1 compression (closer to 11:1 unless the head chambers are modified) then the HD studs are the best way to keep leaks from happening at the head gasket and base gasket, both. The Wiseco pistons require more torque on the head nuts, hence the need for the HD studs.
Yes, they are flat topped pistons, and there doesnt appear to be any leaking from the base or head gasket.
You mentioned Keenserts in the cam hold-down bolts: if these are through the head, they will leak (like MC pointed out), as the Keenserts cutting threads are serrated. In this case, the missing O-ring is also pressurizing the casting hollows under the towers, making this even worse. I've stopped some (non-pressurized) leaks like these with JB Weld over the open end(s) of the thread hole(s), and some of them have lasted many years.
I used time-serts, which I guess are generally the same thing..
SO, The Idea now is that the lack of o-rings caused enough pressure under the cam towers to push oil through the time-sert threaded tower bolts? And also the washers need to be replaced with copper ones?
Seems plausible, just hard to believe that could cause the oil could come out so fast...
Should I ebay a new head?