Begging to differ with you, the VW air cooled engine is the epitome of 
simplicity.  The OHC 750 is a "bit" more difficult.  You may not have too much 
trouble if it's only the top end, but it's definitely a complex system.  If the 
compression overall is 120 or over, it's probably in the top end and 
disappearing oil is likely from valve stem seals and you have a leaking valve 
or two in #3. 
'If compression is low overall - less than 100  or just 100 and evenly 
distributed, you also have a ring problem.  I would say rebuild. 
I used to rebuild VW engines to put myself through school.  Even in their 
simplicity there are complexities to deal with, because they are a pushrod 
engine with only OHVs, not OHCs, which would eliminate the need for tubes in 
which the pushrods activate the valves from an internal engine camshaft.
If the compression is less than 120, then I would consider doing a complete 
rebuild on account of the bottom end (rings) being weak. Making a fresh and 
tight valve seal would likely further weaken the rings seals, especially if it 
was only tenderly cared for with relation to appearance.
 
 

________________________________
 From: Allen Thomas <[email protected]>
To: Nightwawk Lovers <[email protected]> 
Sent: Friday, March 2, 2012 6:10 AM
Subject: Re: [Nighthawk Lovers] Nighthawk with disappearing oil
  

My suggestion is to get a leak down tester and read up on how to use one. That 
will tell you exactly what is wrong without disassembly or $300. While I 
haven't torn down a bike engine it doesn't look bad at all to rebuild the top 
end, about as difficult as doing an air cooled VW bug.
Sent via BlackBerry by AT&T

________________________________

From:  Stefano Ascari <[email protected]> 
Sender:  [email protected] 
Date: Thu, 1 Mar 2012 17:00:21 -0600
To: nighthawk_lovers<[email protected]>
ReplyTo:  [email protected] 
Subject: [Nighthawk Lovers] Nighthawk with disappearing oil
Hi Everyone,

So went in and spoke to the mechanic in person. It seems the pressure on 
cylinder #3 is 70 pounds (should be in the 140 range according to mechanic). He 
said for 300$ he could tear it apart and then he would be able to determine 
more exactly what was the cause.  
The motorcycle is in pristine condition overall. Both the front and rear tires 
are brand new and everything else has been well taken care of. At this point I 
think I'm looking at two options:

A. Have the mechanic tear it apart and determine the problem with cyl #3 and 
then re-build it myself over the summer (I don't know anything about mechanics 
or how motorcycles operate).
B. Sell the bike for parts.   

I have a working space in my garage and I'm ok learning new things. But like 
I've said, I have no previous experience with this kind of stuff. Is 
re-assembling an engine terribly complex?  

You guys have been extremely helpful in the past and I find this email list an 
invaluable asset. Thank you for all the informative emails!!

Any suggestions?
 
Stefano
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