88 f 150 cracked block

:banghead: i have an 88 f 150 with a 300 six motor in it. I found some condensation in my oil cap and valve cover. thought it was a blown head gasket so i replaced it. the thing is i am still having the same problem. the oil does not look real milky but the oil cap and valve cover are getting milky oil on them. Also the crankcase breather is pretty drenched with water. I also put on a valve cover gasket about 3000 miles ago dont know if this would have anything to do with it or not. If it is a cracked block is there a way to fix this

thanks

I had a ford with the same problem and thought it was the block, turned out to be a warped head. If you let the truck sit for a day or two any water that is in the oil will settle to the bottom of the oil pan, pull the plug to see if water or antifreeze comes out. If so do a compression test on each cylinder. If it checks out then get your head check at a machine shop.