Yesterday I put the cams in, no valves, spins easily!! Before that I tried to push oil up into the head via my air pressurized canning jar through the oil gallery port on the points side of the gallery. None showed up, I attributed that to the rate of flow I could generate, which isn't much. I had the regulator way down, I pushed two quarts but it all went to the oil pan. I even blocked the oil pressure switch off so I couldn't flow back that way.
So I put the gauge back in, set the oil pressure switch back up and spun it using the starter. The oil light went out right away, no oil showed up at the cams and the gauge didn't bump off the peg at all. So now I have to look for a few things.
Is the pump actually making enough oil pressure to do anything? I guess I have to look into it again,
Is there a large unseen hole in the oil gallery that is dumping the oil back to the lower engine?
The mystery continues.