When I disassembled my pcv setup on the 292 Y block, I noticed the tube (metal and rubber - I had robbed a setup off of an early 60's truck), I noticed there was quite a bit of condensation/water droplets in the tube and the PCV valve. I assume this is not normal of course and could this be because the engine is running too cool or not being run long enough?
Further, the valve covers were very clean inside but the valley pan had some "greenish" film on the inside of the sheetmetal that is exposed to the block. I don't have an antifreeze leak anywhere that I can see, and there is no green or any discoloration of the oil anywhere. The oil pan was normal. Any ideas?
Daniel JessupLancaster, California
aka "The Hot Rod Reverend" 
check out the 1955 Ford Fairlane build at www.hotrodreverend.com