if it runs without too much black on inside of each of the exhaust stacks should be a nice grey and not much.not alot of breather oil drip after shut down.it should make the rpm as stated for the prop. pulling it through each cylinder should feel alike. not alot of of oil use but what does that really mean besides you might be over filling it {try to find a sweet spot and etch the stick} is it the correct stick for the tank? correct tank for the engine? in most cases the cylinders are 40 to 70 years old and are straight bored and you will use oil. also dose it run smooth at cruse if so thats a great indication as it sucking almost the same/ equil fuel into all the cylinders and exploding with the same force . leekdown compression testing might be low on the list in determining the health of smallbore continentals.