so update for you all, ive topped oil off to exact mark on dip stick at the top of the dotted lines and its gone down by 2 of the lines, i understand from top to bottom is around a litre and its been over a 2 week peroid.
im still getting blue smoke on let off so i can rule out bad fuel now. i was thinking of getting another engine and doing a rebuild on this then swapping them out and running the old engine until the new rebuilt ones in.
just hope it holds on for now.
If the seals have gone you will be fine to drive it, just being aware that you will soot the engine up more and be pumping out more smoke as they wear out.
This could get you attention from vosa or the fuzz if your laying smoke, and fail an MOT when it becomes due.
If it is a ring/rings then they could go and your engine will fail forcing the issue.
Just start saving up, if you can do it get a complete engine and build it up on the bench with new chains and seals etc.