Smokey exhaust? I had this very bad before this latest rebuild.
One day, no wind...the street was like a thick fog.
Neighbours didn`t approve

The left cylinder was worse than the right.
No matter what I did with the mixture settings, it smoked.
And it was losing (burning) oil.
I bought new barrel, pistons, rings and oil pump.
(the old barrels were already + .040" and the threads were knackered).
I decided that it had to be fixed.
1. the valves were sloppy in the guides.
2. the barrels were tapered.
3. the ring gaps varied depending on where I checked.
4. the valves were seating gas tight...WD40 did not leak through them.
5. black plugs and spark failure.
On this evidence, new valve guides were essential. Having consulted the
workshop manual, I didn`t fancy the DIY method.
I bought the removal tool but didn`t relish cutting the seats, so I sent the head away, with new valves.
They fitted new guides and seats for unleaded fuel, and gas-flowed the head.
I bought new springs. I fitted new small ends.
Now there`s no smoke

I`m not suggesting you should do the same, but maybe its food for thought.