Well I have some findings, but no smoking gun...
1. Water Finding Paste - I ran the engine with a thin film of it on the unhooked plug #4 for about 5mins. Pulled it and no sign of it changing color.
a. I tried a few more times, but couldn't get anything.
b. I gave up and decided to move on.
2. Compression testing at temp - All cylinders checked right at 130psi +/- 5psi
3. Inspected the reeds and they looked like new. I even pulled the carbs to get a better look and found nothing odd.
4. I decided to start taking stuff apart:
a. Removed the Cylinder Head - Gasket looks GREAT no signs of wear or leakage to-or-from the water jacket.
b. Removed the Exhaust Manifold cover - See attached pics. I did not break ANY bolts!
I think the exhaust manifold gasket was leaking water into the manifold near the bottom. Thoughts?
Before I reassembled the engine with all new gaskets, what else should be checked?
Thanks,
Kyle