I have a 455 olds combined with an American turbine jet. The jet is near new. I have spent over 2k on the engine replacing gaskets, having the heads cleaned, a valve job, and replacing fuel lines. The block is not cracked, but the oil keeps getting water in it. I replaced the intake gasket when I got the heads machined and a valve job, and then the oil was normal. After 4 runs, the oil got water in it again. The first 3 runs I had no problems. I am tired of worrying about the engine every time I go out. The engine has a ticking noise(like air is coming out somewhere), maybe a gasket not sealed properly. I have put so much money in the engine already. Would it be better to rebuild or replace the engine. Does it have to be a 455 or can I put a cheaper more reliable engine? Thanks for any advice!