LEAKZ??
IMO, 12 to 18% on a new engine is too high. This is most likely why U R seeing the air coming out of the cam sensor hole.. too much of the test air is getting into the crankcase..
Given the engine has 200 miles, it may be the rings are not seated yet and the % may go down w/ some more use.[I doubt it].
IE: we run engines on the dyno for about an hour at part load to break things in.. After a check, it's BALLS to the WALL!! No thousand mile breakins needed...
Another trick is to rap the valve w/ a plastic hammer while the test air is on.. the valve will snap shut, possibly improving the seal. It'll sound like a rifle shot when you do it...
If you are doing the intake, redo the test w/ it off and that will tell you how well the intake valves are sealing.. Same w/ exh valves.
What was the end gap set on the rings??
Oil externally on the intake is most likely being blown past the seal at the PVC.. Does the PVC fit tite? Is the seal new? Is the intake on w/ a gasket that has a pan under the intake??
Perhaps you need to talk to the engine guy..
