The last two times I changed the oil I had a little bit of stuff stuck to the magnetic plug. Nothing big when I put it between my fingers It didn't feel gritty but when I went to clean the filter this time this is what I found. Is this bad? It's a system one on a blown alky bbc not talking about the milking of the oil but the shavings. Thanks
Anything you pull from the magnet that feels almost greasy, like anti sieze is fine.
You need to pull the motor and drop the pan. Do not pass GO! Do not collect $200.00
Its wounded. Its not going to get better, only worse if you run it. If you're lucky, its simply bearings and maybe a crank polish.