Important point here guys regarding coolant in the oil and what really can happen. This is not wives tale time, or fudge from my mouth, this is the real deal

Seriously, if you suspect that your engine has coolant in the oil, if you want it at all, stop, find the problem, fix it, and inspect your bearings. I work on cummins diesels daily, and will tell you that the sludge is a real big mess, but the worst case does not require sludge, it just needs the coolant. Coolant will even in small quanities, EAT the babbit material right down to the cooper on your bearings quick... ... not cool. Most head gasket failures that I have seen on "B" engines rarely have this issue, but cracked heads and blocks/freeze plug problems are typically where the oil and coolant start hanging out together
Another troubleshooting hint/hope it isn't your truck scenerio: Cracked block behind the tappet cover. Have seen this a few times, rare, but if you have coolant in the oil, and can't see where/how it is getting there, remove your fuel pump, and check behind the cover. Also, there are freeze plugs behind that cover, and on rare occasions, the can leak. Just FYI.
Russell