Adapted from an email I sent last night...
I found a solution (for now) to the oil leak. I ended up putting the original plug back in with a little bit of RTV super black for valve covers around the drain hole. It is not dripping oil, for now. Of course it is losing tranny fluid and rear diff fluid still, but we will deal with one drip at a time.
I got the plugs back in after I cleaned them a little more. They were really oil fouled. Several months ago I forgot about changing the oil after the fuel pump went bad. So I had a lot of gas in the oil. Hopefully that is why the plugs were so gunky. Yesterday I finally got that oil change finished up. I checked out the points, cap and rotor and all looked fine. After I reset the timing, she is running well. The son even got to take a truck ride late last night.
The next sunny day that I have some free time, I will pull the plugs and do compression test. Or maybe I'll get brave and clear out some garage space while the weather in nasty this weekend. Yeah, right.