Nial Guy -
I would not do an engine job until the engine tells you to. These engines look simple, but are actually very complex and require a LOT of special tools to do the job correctly... and without destroying many expensive parts.
As an example, most of these engines are constructed with Whitworth/ British Standard (not metric; not SAE) sized fasteners. Do you presently own a full set of BS sockets? If not, how will you torque the nuts on the way back together? The way I see it, if you can't even toque the crankshaft and camshaft nuts correctly, then what are you going to do when you want something special done like the sludge tube plug removed????
Isn't correct fastener torque rather basic to an engine rebuild??? If you can't even do the "basics", then.... well, I think you see.
The engine will give you plenty of warning when it needs it. Until then, if your REALLY want to do something worthwhile... then add an external oil filter!