Turbo ls, smoking, compression is fine, not overheating. White smoke coming out of exhaust (a lot).

 

I believe white smoke indicate moisture condensing in the exhuast pipe if it happens only when you start it in the morning. If its happens after you warm up, check your coolant, you could be burning it. Might have a blown head gasket.

 

If the head gasket is blown, wouldn't the compression be off? Also, could this be caused if the car is running too lean? (air/fuel ratio)

 

A head gasket could be leaking into the block and the compression can still be fine. If you are puffing WHITE smoke, its most likely your headgasket. Especially if you have a sweet type of smell from your exhaust and the pipe gets moisture on the tip. I suggest you take the head off and get some arp studs with a factory honda gasket.
EVIL

 

Definitely head gasket. how much are u boosting? Either torque down those bolts an extra 10-15 ft-lbs or get like evil said arp head bolts and torque that shiat down tight.

 

I am only boosting 6psi on all stock internals. I drove my car today and last night and the smoke has disappeared, but I don't know what it is.