Hello
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You say you loose ALL your oil out the blowby?? Or is it just a little bit? i've seen this a lot with higher mileage engines. I've seen them run forever with this condition and not having any problems with loss of power or anything. best thing to do is buy the vavle cover mounted vent set up and remove/plug the breather in the timing cover. most of it has to do with the rpms and not the blowby at all, at high rpms your front gears are spinning like crazy, throwing oil everywhere and right out that hole in the timing cover. if you want a really cheap fix- strap a water bottle to the end of the tube, let the tube go in a little cut a small hole in the top of the bottle above the tube and it will catch the oil. but you gotta empty the bottle often.