>>>*Apparently you do have the head back off since you say you can still see the hone marks and one or more of the pistons are showing signs of buildup?
The 150# reading is exactly what we see with a rebuilt engine, new head, aftermarket cam and a block that has not been decked to establish quench. The 120# reading is very low.
I would suggest you keep going, drop the oil pan and pull the low cylinder. Possibly a ring was pinched or damaged during install, now is the time to correct. I would be replacing the rings and setting on a new set of seals while the head is off, just in case.
We had one case of an inhouse engine that smoked worse than anything I ever saw, 155# on all four. I drove in and took that one apart myself, even though the customer had assembled it. I found an oil expander ring in #4 cylinder that was .020" instead of .040" and that is all it took. Something like that is darned hard for a builder to notice, I found it after the fact so I got to pretend I would have... <img src="/forums/images/graemlins/smile.gif" alt="" />..
Replacing the seals while the head is off is a 10 minute job, insurance there, things happen. It isn't possible to make my son Tod get in a hurry building these heads, he just won't rush. (Even when I yell at him, all that does is slow him down) But still a seal can be pinched, or even a possible hard to spot defect can cause small amounts of oil useage.
But the low compression number tells me it isn't a seal or even an oil ring, something isn't correct with a compression ring and likely the top one.
Synthetic oil can be used during breakin, I know some say otherwise but they are wrong...*LOL**...I know this having done it literally dozens of times with racing engines. Of course our breakin procedures with competition engines are less than gentle.
Just remember that with synthetic, there is no margin for error, the stuff is slick. If there is any flaw or concern, you will use way more synthetic than you will a dino oil type, so we do not suggest it for breakin with a normal street engine..
On honing patterns, if the bore was properly prepped with a good plateau pattern, it will show for many thousands of miles, this is normal....*EB