I`ve just bought a nice 500 but it seems to have a few mechanical issues

After a 25 minute drive at speed the cabin was filling with burning oil fumes, when i went to the back of the car a lot of oil smoke was coming from under the engine cover, this was coming from the oil filler cap. The oil breather pipe has a kink in it but is not completly closed, all the oil was gone in the engine!
Anything other than piston rings i could check, the dipstick hadn`t blown out.
Also what are the plug and point gap, it is a Marrelli distributer. I`m not sure if it has a 600 or 650 engine fitted, i know the 650 has a `650` casting in the head but is that at the visible end or in the far end of the engine behind the carb? Many thanks.............Martin