Possibility that you have a cracked block in the cylinder wall area. If its a coolant smoke then it should be a white smoke and you should notice the loss of coolant. It could be oil consumption and that will be a more of a bluish color and according to how bad it is there will be a black souty build up in the tail pipe. I am more leaning toward the cracked cylinder problem due to the know overheat problem.
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Thanks Tim

