Getting water in oil

[Elliott Chabot]

1978 SRV-197, 305 V8
Motor doesn't miss like a blown head gasket, I don't believe I have a cracked head. Any chance of a bad oil cooler? Possibly sprung a leak here in the Michigan winter..

 

[Seapig]

If it was professionally winterized, I’d suspect a corrosion issue, manifolds would be where I’d look first. If it wasn’t winterized by a pro, I’d suspect a block crack.

have you had any instances of it not cranking when you try to start it and after repeated attempts, it cranks?

I doubt a failed oil cooler would cause water in your oil. Because oil pressure is greater than water pressure, I’d expect you’d simply have an oil loss issue.