I'll try to keep it quick, dont want keep you guy's hanging because I know your trying to help, THANK'S!
I was planning on storing the car for the winter no matter what.
The smoke is oil
Recently my brother just leased an old Chrysler dealer building and is starting a sports car restoration shop.
He is very knowledgeable and has been racing and rebuilding cars for the past twenty years (we both worked on sports cars with my dad since we've been about ten, 40+ years ago)
We trailed it over to his shop today (for the winter) but before we put it in a corner of his showroom we put it up on a lift and took a look.
Lots of oil around the bottom of the engine we assume the frond and rear seals need replacing, no oil any were around the turbo, dipstick is clear oil no milkiness , plugs look clean.
He suspects the rings or valve seals are blown and an engine rebuild is most likely needed, If that"s what it is that will be my mission the beginning of next year. Hip replacement in a month.
Hemi Dude, thanks, while I had it on the lift today I should have taken your advise and plugged the oil intake to the turbo to see if the smoke would calm, ( though I mention around the turbo is clean of oil on the exterior, could it be internal seals/ rings leaking causing the smoke?). Now that I think of it I will definitely try that before I start thinking about pulling the engine.
Hemi Dude you mentioned the low compression is common or normal for that engine. My brother also pointed out that the 95 psi on the compression test is very low leading him to believe it's rings or seals, he pointed it out to me in the shop manual that the 16 valve should be 128 psi? I did a simple test, plugs in, dry. How do think they measure the 128 psi, wet test plugs out?? I dont know. It's odd there all 95 except #1 at 90 psi, if it were rings or seals I think the compression test would be all over the place.
Above all, I dont question anyone's theories, knowledge or opinion, especially my brother who always go's above and beyond trying to help. Just trying to figure it out.
Shit happens, the car is unique, fun and fast. It will be back on the road next spring, one way or another, only 14K but about thirty years old.
Any advise, ideas or support is always appreciated.