New Heads/Rebuild Engine?

[John Mopar <dodgepolara500@xxxxxxxxx>]

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Hello all,
My '64 Polara has a 383 with factory four barrell engine with 120,000 miles on it. It is starting to run poorly. It is running roughly in gear and has been using about 1 quart every 500 miles. There also appears to be lots of blow-by coming out of the PCV valve and oil fill hole in the valve covers.
 
I had the compression checked, and two of the cylinders have 60 pounds of compression in them. 

At this point, I don't want to rebuild the entire engine as I don't have the money or time to do it. What should I do to keep it running (cheaply!):
 
-Have a machine shop get the heads redone?
-Turn them into for an exchange?
-Have the rings done at the same time, or let them be?
 
I have heard that slapping new heads on the engine is not a good idea since I will simply blow out the bottom end of the engine with the new compression. Since I am using oil, can I easily have the rings done at the same time?
 
If swapping the heads is the way to go, should I hold onto mine, or not bother? The block is numbers matching and I believe these are high compression heads since the car has dual points.

-How much would the parts/work cost?
-Any ideas for shops/retailers in the San Jose CA area?

Sorry for the long email, but I really want to keep the car going for little $ until I can have the whole engine redone?
 
Thanks
 
John



1964 Dodge Polara 500 Convertible 383
		
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