Welcome to TRS
I assume the pinging is only after engine warms up?
I would run some 91 or 93 octane fuel to see if the pinging is octane related
Just to take it off the table
1992 4.0l could have an EGR valve/system if it was a Calif. vehicle
Does yours?
Octane/heat pinging can be fuel mix related, if you don't know the age of the O2 sensors, change them
O2s are the ONLY sensors that wear out on schedule, 12 years or 100k miles and they are untrustworthy after that and set no codes until total failure
Oil in the intake is from PCV system, clean or replace the PCV Valve, clean its hose and also the breather hose from air tube to oil fill pipe
The oil Vapor inside the engine, crankcase and valve covers, comes from Blow-By
Blow-by is exhaust gases that blows by the piston and rings each time a cylinder fires, only thing in an engine hot enough to vaporize oil, and it does vaporize some of the oil coating cylinder walls and piston/rings
All piston engines have blow-by, period, but there is more as an engine ages
Cheaper oils will produce more oil vapor as well
Most of the oil vapor should condense in the crankcase, but some will go up into the valve cover areas via the drain holes, along with the blow-by gases, and be pulled into the PCV valve and then into the intake
PCV system is there to re-burn the blow-by exhaust gases in the engine
So its an emissions system
The Breather hose is there to pull in fresh filtered air when PCV Valve is open, but if its not opening then Blow-by/oil vapor can exit out the breather and be pulled into the intake via the throttle plate, so check if throttle plate/body also has an oil coating