yeh i just bought one 2 months ago. i dunno if there is a oil level indicator. i just do it till the little oil thing is full and then it all drops down into the engine. my bike doesnt smoke that much tho, only when you have the choke on which is expected. yeh it does crave high revs, dont worry it wont blow up, anything up to 9500 revs is ok. email me if ya wana chat about it.