Here's one other simple solution for now. Why not run a heavier oil? I had loose tolerances in my 87 T when I built it, but I always ran Mobil 1 15w50, and had no problems. The 10w30 sometimes smoked a little though.
I agree with what someone else above said, in that, you don't fix broken motors/parts with a liquid cure. ie Motor Honey, etc. I wouldn't put Motor Honey or STP Oil Treatment in my car on any occasion! It just ain't the way to go! Unless,,, it's on its last breath like MJRWOOD's 155k version, that will probably soon need a rebuild anyway. He's just buying time, but he openly realizes that too.
It certainly sounds like valve guides/seals to me, per my own past experiences with inferior head work and the wrong guides/seals.
However, it's not a big enough problem to warrant getting rid of the car! If you're defeated by this problem, then God help you when you weld a bearing to a crank, or throw a rod through the block...!
Are you really ready to get out, or just really freakin' frustrated?