I haven't done a compression/leakdown test yet, but I plan on doing that soon. Its probably the only real way to assess if the leak is really bad.
I just moved to Redondo Beach in September after having been up in Santa Barbara for two years, going to school. Before that I was in San Diego... I got the car when I was in Santa Barbara, so that's probably why you never saw it around here
THe car is actually a 73 chassis, and the previous owner transplanted the engine from a 75 into it. UNfortunately the chassis has a fair amount of rust in some undesirable spots, so I don't really want to keep it forever. I'm in the process of paying off a lot of student loans and paying for my wife's college now, so it will be a few months or a year before I can invest in a new 914. Until then I want to keep this one going. Its been my daily driver and has been really a great car.
Anyway, more about the car...
73 chassis, with chrome bumpers, driving lights, front and rear sway bars, 140lb springs in the back, KYB gas adjustable shocks in back, EMPI 8 spoke wheels (silver, not chrome), BMW 320i brake conversion (I did this about a year ago), 19mm master cylinder, Optima battery, replaced and cleaned up starter (no more hot start problems), new stereo with a small sub that I built which fits between the seats, new carpet, etc.
I'll post some more pics here in a moment...
-Tony