I think I’d take some longer drives than just around your neighborhood to get the engine hot enough to burn off crankcase condensation. Get some actual highway miles on it and then reevaluate the situation before doing anything to it.
Finding out what the oil consumption actually is would be good so as to give you a better picture of the engine’s health. After some miles taking out the spark plugs for a look would also be helpful.
You might not see any smoke but somebody following you down the road watching your tailpipes might be able to tell you different.
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1964 Tempest Coupe LS3/4L70E/3.42
1964 Le Mans Convertible 421 HO/TH350/2.56
2002 WS6 Convertible LS1/4L60E/3.23
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