Thanks for this.
Yeah it would seem that things are not looking great.
There was no blue smoke but there was some white smoke, especially when cold. I guess that would suggest the gasket?
So I do a compression test to confirm the piston rings are ok and then assuming they are I need to replace the head gasket at least and possibly the head itself?
Is there a way to test the head or is it just a case of look and see if there is a crack?
I'll do as you suggest and see what progress I can make. There's no compelling reason to move the boat thankfully.
For the record I stopped bidding on that replacement engine on Ebay once bidding reached £451. That's what it went for in the end. It apparently had a smoking problem.
Oh well, shit happens, it could be worse...