Hi,
where does the oil go?, some will be burnt,but under the engine is a flap valve the drops it on the track, it will be fitted now with a plate that has a hose going to a catch tank behind the engine between the rear engine plates , you will need to drain this regularly ,maybe 2 races will be full depending on your pump flow settings .
check this when you drain it when racing it will leave tell tale bits of metal in the oil , a warning on which bits are wearing out !
If you dont know its workshop history you should strip it down first
Bean oil is a great lube , but it will gum up when left in an engine and in a "Pilgrim" pump
good luck
cheers