i had this problem and it turned out to be shit fuel believe it or not... customer came back with the car after i replaced the head gasket a week later and it was pissing out smoke like you couldnt believe..
i hung a jerry can from the bonnet and let it feed the engine from there and the smoke went in less than 10 minutes.. tho obvious if your running the efi gear you cant do that, this was a 8v 1.6 carby sierra..
make sure the pcv valve is clean, correct level of oil etc, bores can glaze over time obviously they wont glaze straight away..
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