Don't take a chance. Do a compression test asap...do not run it until you look into the possibility of WATER in the cylinders.
ALSO...be aware that
oil smoke sometimes looks a bit whitish to the untrained eye...either way, a compression test should get you the basic cylinder condition info.
__________________
James Madison, father of the Constitution, said, "If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." He also said, "No nation could preserve its freedom in the midst of continual warfare..."
~~~~~~~~~~~~~~~~~~~~~~~~
http://www.standdown.net/index.htm