Matt, I just picked up an AMC Eagle a couple of months ago, and it developed a rear main seal leak after I started driving it. It didn't get driven much by the previous owner, so I guess I shouldn't have been surprised.
Long story short, it lost half a quart of oil in 100 miles, and it was all on the underside of the car. I changed the oil, put 10W/40 in it, and put a bottle of Lucas Oil Stabilizer in it. I also made sure I put a new PCV valve in, too, just in case the leakage was due to high crankcase pressure.
Well, I don't wanna jinx myself, but the leak is gone. Not just slowed down, but gone. And the engine doesn't burn any oil. Mine was dripping just like yours. I don't normally care much for additives, but this stuff doesn't contain any teflon, so I gave it a shot. Who knows, what do you have to lose?
I hear ya on the 5.0 liter, but there is something satisfying about driving a six banger that runs really well. And, you'll have to swap out the cross member to be able to mount a V-8 in it.
I took my Holley and fine tuned it for the winter. Made sure the choke is adjusted well, and tightened up all the screws in the carb body. One thing you want to watch for, make sure the three screws that hold the throttle body on are nice and tight. They have a tendency to loosen up and cause some rough running.
Let us know how the YFA turns out, if I don't beat ya to it first. The Holley runs so smoothly right now, I might just leave it alone for now. But it would be nice to have a little extra kick from a bigger carb, and Advance Auto lists rebuilts for 90 bucks, if I can't find one in a boneyard.