I'll third RG100. Blew a piston in my NC23 after ~130 k (due to buildup of deposits on the valves raising the compression enough to cause detonation), which cost the price of 1 piston + 1 headgasket + 1 set of rings to repair. Can't remember the exact price (couple of hundred I think), but it was certainly shitloads cheaper than going of and buying a new engine. At 38 k there's still plenty of wear left in the motor.
How many cylinders is oil coming out of & what state are the plugs in (ie any signs of little balls of alluminium or the plugs being excessivly worn)? The impression you give is that it's more than 1. I find it hard to believe a honda motor would let go 2 or more cylinders at once.

Originally Posted by
mini_me
I blew really hard down the fuel line and it seemed to get a little easier after a bit
If its a diaphram pump like on the nc23 (which in likelyhood it is), I found this means SFA. It's nigh on impossible to blow through the pump. Best plan to test the pump is to pull the fuel hose of the fuel rail, point it into a container & turn the ignition on. Fuel should get pumped out. If none does & there's no clicking noise of the pump working, pump is fucked. I bring this up, coz again I had this problem (at a different time) on the cbr - in my case it was actually caused by one of the screws that go through the end cap (where the power lead goes into the pump) having worn away some insulation internally in the pump & shorting out the pump. It was quite an interesting problem really, because it was only intermittent, and manifested in a number of different ways. To start with the engine would mysteriously die after a couple of k (in hindsight however long it took the float bowls to empty themselves). Leave it for a couple of minutes start her up & of I'd go. At first I though it was carb icing (it was December in Ireland at the time), coz it would only happen when starting the bike from cold, and I could hear the pump clicking for a few seconds whenever I turned the ignition on. It was only when it blew a fuse that I twigged something more was amiss. Again like you I was bloody miles from nowhere & ended up jamming the entrance hose from the pump into the exit hose & limping home.
The moral of this story is to double check that pump. Would be a damn shame to go off & either get the motor repaired or bung in a new one & have exaclty the same thing happen a few hundred k down the road.
Good luck with it anyways.
If it ain't a V twin, it ain't worth shit.
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