red 202 blowing ALOT of oil out the dipstick

I thought that 180 was pretty good. I am running 60thou over, stage 1 yella terra (just the bigger valves and small port work) and standard dished pistons. I dont know how much work the engine had done but i do know that the previous owner (engine is out of VB commy) has thrashed the absoulte crap out of it. When i pulled it apart for new gaskets it all seemed to be alright to me.

Whats the worst that can happen if i did this? Where would my oil go?

Back into the sump. LOL. i have gotten away with this for years, and fixed a few mates cars with this method.

I dont even bother with dip sticks any more, they sit on the shelf in the shed