Hi Don,
And welcome!
I think you'll find many interesting smells driving a TR, compared to any modern car! These old cars have open circuit crankcase breathing, no emission controls, and open circuit fuel systems. The cockpits aren't terribly well sealed from the engine compartment, plus a bit of exhaust often wafts in when the top is down.
TRs have a definite "air" about them! So, the previous suggestion is a good one, about judging richness with the spark plugs. It's pretty hard to tell with your nose.
Actually, those oil pressures seem reasonably good, just a little on the low side. A switch to 20w50 oil may be all that's needed. My TR4 ran over 95K hard miles before it needed rings and bearings, and approx another 30-40K since. (I'm not sure since the odometer quit around 96K miles.)
Some richness, slightly low oil pressure and a little oil burning might just be due to the car's long haitus under the tarp. For example, a little surface corrosion on cylinder walls might allow a bit of oil into the combustion chamber and could cure itself with a little driving around as the ring reseat and make a better seal. TRs do like to be driven!
Not sure what all you have done with the car to get it back on the road. With a car that's been sitting a long time, the brake system is always my first area of concern. Old seals and hoses might need replacement and are a critical safety issue. That's especially true on older cars like these that have a single circuit brake system, not a dual circuit such as is found on most modern cars. If a single circuit fails for any reason, you are left with only the parking brake and/or the engine to stop the car!
If you haven't already done so, I'd suggest all fluids be changed. The cooling system could probably use a flush and new rubber hoses and fan belt would be a good precaution.
The exhaust system is another area that should be looked over. The mild steel will rust from the inside out on a stored car, simply from ambient humidity and condensation. Cars driven daily will actually see less exhaust system rust. You just want to be sure there aren't any leaks in the pipes that might send excessive fumes into the cockpit.
Rust can be a concern. Maybe all that's needed is minor spot repair and touchup on those few places you noted. Unfortunately, much TR rust starts on the inside and works its way to the outer surfaces. So, any external spots might be a clue to problems underneath and should be investigated. Hopefully the spots you noted aren't indications of problems underneath.
Opinions are mixed about using lead additives in older cars. Much of what I've read seems to show that only hard driven cars see rapid valve recession. A more gently driven car might see no problem for many, many years.
Of the TR line, the 3"B"s are some of the rarer, more sought after and more valuable. You are fortunate to have one to enjoy, even if it was acquired under unfortunate circumstances.
Cheers!
Alan