I have a 1979 26' AMF/Slickcraft cruiser powered by a 454 GM and a straight shaft. We pulled the trans out to rebuild and when the motor was up a few inches, the jack fell out and the motor dropped. Now when I run the boat at 3000 rpm, oil is comming out at the timing chain cover. I've been told that the gasket just cracked - old. I'm thinking about re-gasketing the entire motor. Any thoughts? The motor runs great other than leaking oil.