Whatever happened with this?
I'm basically in a similar boat. I have white smoke I can't seem to get rid of (it smells like unburned fuel, not antifreeze). Compression is good, valves have been done, injectors done, pump done, checked for air in fuel, adjusted timing, rebuilt turbo....everything. Short of pulling it and replacing sleeves and rings for the hell of it, I'm stumped. I sure hate to rebuild a perfectly good engine if its something stupid.
1978 13BT-40, 70 series mechanicals
1966 FJ45 lwb stock
2003 100 stock
1974V8J40, 1992FJ80, 1985FJ60, 1971FJ55, 1978FJ40, 1974FJ40, 1997 LX450 all long gone.