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Originally Posted by XcYZ
Nice car.
I don't have any personal experience with 502's, but I've read plenty of stories about them using oil and having issues. Might be something worth checking into.
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I have also heard plenty of the same stories.
You can always buy a ZZ502 from a dealer/parts retailer like sdpc2000.com, or my favite gilbertchevy.com . In some packages they use different pistons/rings, cams, to come up with more power and less oil consumption and it will still be a ZZ502.