I've finally gotten around to looking at the bus - had to buy some ramps to drive up the back end on to get it high enough. I pulled the bottom tin and with the engine idling, yep I can definitely feel exhaust escaping there.
Also, there's a lot of oil leaking on the bottom of the engine, and as best I can tell it's coming from the push rod tubes. Guess I should replace those seals, too. Is that a job that can be done by mere mortals? Like I don't have to drop the engine or anything? I've never done it before.