is the smoke black, like it`s running rich? you can try unplugging the chts and if things don`t change, that might be your problem. also check your fuel reg buy unplugging vacuum line while running, if you get fuel, that`s bad. but also check for a vacuum leak somewhere. the rubber pipes from the afm to the tb are prone to cracking, allowing unmetered air in.
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SHIFT_old school
399.5 hp 430 tq on 95k mile junkyard motor
12.0 @ 118.22 1.89 60`
DILLIGAF?