Thanks for the rebuild advise
The reason for the rebuild is low power. I have done a compression test with the following results
115,120,120,105,100,125
Also, the tailpipe has the sputter of a non-seating valve or two. This after a hot valve adjustment.
Other work done so far... carb rebuild, fuel pump, dizzy refurb. (out of a fj60), the original was rusted...no vacuum advance. Plugs,rotor, cap. Battery, starter, brake master, new brakes, new clutch and flywheel resurface, Rebuilt front axles, balanced the driveline...sandblasted and painted all engine parts, and frame.
Installed OME 2.5 deluxe kit from Kurt at Cuiser outfitters

I put it back together thinking the engine would come back to life with good power....wishing I had rebuilt it first

The po had a holley/header setup and all it did was blow carbon....
QUESTION... what is involved in drilling and tapping the oil gallery plug in the head? Why is this not done factory??
Anyway, thanks for the advise...here are some pics.
Me think me re-ring and valve at this point....not motivated to pull the whole enchalida at this point.
More advise welcome....
81 Fj40
owns too much of my savings account...