Well, it doesn't sound good. I'm assuming that your exhaust is split, in other words, cylinders 1-3 only exhaust out of one tailpipe and the 4-6 out of the other.
If that's the case, then if the AOS were bad, you would get smoke out of both tailpipes. The fact you only get smoke out of one, unfortunately, leads to the conclusion that one bank has a bad cylinder, either oil or coolant is getting out. Hopefully, it's just a cracked head, fairly comman and not an overly expensive fix.
But since you have metal in the filter, I would not start the car. Drop the sump plate and see what's in there and then do a leak down test and then a boroscopy to rule out a bad cylinder.
Hope for the best!
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Current car
2000 Boxster 2.7l red/black
Previous cars
1973 Opel Manta
1969(?) Fiat 850 Convertible
1979 Lancia Beta Coupe
1981 Alfa Romeo GTV 6
1985 Alfa Romeo Graduate
1985 Porsche 944
1989 Porsche 944
1981 Triumph TR7
1989 (?) Alfa Romeo Milano
1993 Saab 9000
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