OK, thought I'd get in here and update this :
The plan has changed a few times, still not 100% cemented.
The 400 in the truck was rebuilt in '06 by the previous owner's husband. About 4,000 miles ago reportedly. It never seemed to run right, almost like it had a vacuum leak, and needed a re-paint anyway so I pulled it. Everything inside looks great so far, and it did have 135-150psi of cranking compression. I borrowed a buddy's leakdown tester, however, and found that it has 35%-40% leakdown on all 8 cylinders. Past the piston into the crankcase, not the valve seats. It was so down on power I wondered if it was a 351M, but have now confirmed the crank casting # - it is a 400.
I'll be tearing in to it tonight to further investigate...
new daily driver I picked up a few weeks ago :
Tucked away safely back in the shop when I was done cleaning. The black C-10 is my brother's ride, he stores it there for the winter...
---------- Post added 11-29-2012 at 10:12 AM ----------
Tore it down last night, realized a few blocks from my house that I forgot the damn camera, but I was already pressed for time so I just used my ****ty camera phone.
Didn't find anything really alarming on teardown. The factory numbered rods were not in the right cylinders, but I'm not sure how that would matter, as long as the correct rod cap is with the right rod (which they are) Either someone didn't pay attention when putting it together, or there is some kind of weird balance thing going on. I better weigh each piston/rod assy. and make sure they are close to the same before going back together. The cylinder crosshatch looks great to my eye, just as it should for the miles, doesn't look glazed at all. Someone had suggested maybe the (compression) rings were on upside down, they weren't. I pulled off the top ring of the first piston I pulled, and there is no dot on either side, it is a square face ring, not tapered on one side, so it doesn't matter which way you install it. The second ring has a dot and facing up, so I'm assuming it's tapered, but didn't pull it off yet. I wonder if they got the top and second rings mixed up, because (it's been years since I've torn into a 400) it seems I remember the tapered ring always going on the top and straight ring second. The faces of the compression rings looked too shiny in the middle to me, which makes me wonder still if they never seated. I'll get over there tonight and get some better pics with my actual camera, need to clean up my mess anyway...