Hi Kevin,
Maybe a long shot, but I have seen it happen! Your exhaust valves/guides worn?? I ahd to sort out a bike for a friend once that had lots of oil smoke from the exhausts. The bores were fine, no oil in the combustion chambers. He'd had a big valve done recently, so everything was fine on the inlet side, but he'd neglected to check the exhaust side, which was badly worn....a new pair of valves cured it ...lots of oil in the pipes, but it was only getting there from the exhaust side!
Maybe a long shot, but I have seen it happen! Your exhaust valves/guides worn?? I ahd to sort out a bike for a friend once that had lots of oil smoke from the exhausts. The bores were fine, no oil in the combustion chambers. He'd had a big valve done recently, so everything was fine on the inlet side, but he'd neglected to check the exhaust side, which was badly worn....a new pair of valves cured it ...lots of oil in the pipes, but it was only getting there from the exhaust side!