Check if you get blue smoke from the exhaust when the engine is hot. ( Indicates high engine wear )
Check if you get blue smoke from the exhaust during a cold start ( Indicates your valve guide seals are bust )
A little bit of oil spraying out from the dipstick while the engine is running is fine. Since your emissions report is also good and the car seems to be pulling well, I wouldn't say this is a problem.
To figure out if your engine is burning oil,
Measure your oil level then drive about 1000km and check oil level again. If it has reduced then you know there is a problem.
Once your engine is at running temp check if you can smell burning oil from the exhaust.
Also you can't exactly tell engine condition via this method. This method would work if the engine is really worn out and had massive blow by. If you really want to know, run a compression test on all four cylinders. Please note that I am not an expert?. This is just from my personal experience.