Surfwagon
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Its oil mist from blow back from the crankcase and yes it can affect engine performance and especially the ron rating of your fuel if there is too much oil in the intake.
The pcv can handle so much but any excess feeds back up the crankcase air inlet itno the TB and into the manifold.
This is why people fit oil catchcans, I have the Elite version on my LS2 and when I fitted it (about 3years back) the manifold was covered in drippy oil internally.
I recently fitted a new manifold and the old lS2 manifold only had a minor shine of oil so the catchcan is doing its job.
I get about 10-15mm deep of oil in the catchcan at each 5k oil change.
PCV Oil Catch Can Pontiac GTO 5.7L
The pcv can handle so much but any excess feeds back up the crankcase air inlet itno the TB and into the manifold.
This is why people fit oil catchcans, I have the Elite version on my LS2 and when I fitted it (about 3years back) the manifold was covered in drippy oil internally.
I recently fitted a new manifold and the old lS2 manifold only had a minor shine of oil so the catchcan is doing its job.
I get about 10-15mm deep of oil in the catchcan at each 5k oil change.
PCV Oil Catch Can Pontiac GTO 5.7L