55Ford - Just a guess here, please don't take it as gospel as I'm not an expert on engine internals. But I would say that it probably would help. Anyway, can't hurt. It's about $9 for a can of Seafoam - so, Kick a dead dog and see what happens. Other than what you lose thru leaking it really wouldn't matter whether you put in before or after new tank. My buddy's mechanics in Reno, NV swear by the Seafoam and recommend putting half a can or so in tank about every 6 months. So definitely, half a can in tank, half in crankcase. I even put a few squirts in the transmission and overdrive and they both work better. I put half a can in the automatic ****** in my '71 Ranchero and made a big improvement.