Hi John:
The last few posts about the "Royal Oilfield" are right on. I've done the lowering of the spigot job, and have vented the engine thru a rubber hose out the back of the bike thru a duck-bill and I've removed the oil catch can from the system - - -but I still get some oil around the head gasket which ends up on the fins.
When I adjust the valves to check if they spin without up and down motion, I always see evidence of plenty of oil going up to the rockers before draining down thru the pushrod tunnels.
Like they have said, "when you don't see oil up there, it's a sign of impending trouble. Wipe and ride is a good rule to follow. Also don't over-fill the oil tank, or it'll spew out somewhere you don't like.
Neil and Buzzy the Bullet.