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Is it light smoke or dark smoke? I think it's possible that you're running very rich and the smoke is unburnt gas not burnt oil. I'm a carb guy not an ecu guy, but the loss of power when you aggressively accelerate followed by smoking sounds like you're flooding the engine. Your MAF or throttle body could be all clogged up from the oil. If you've run it this much, and have put out that much smoke have you noticed a drop in oil level, or terrible gas mileage?
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