I am by no means new to blowing crap up on my car and then fixing it, but i am curious about something:

I am getting pretty large amounts of smoke out of both my exhaust, dipstick hole, and breather, AND i have what looks like a milky coolant/ oil mixture on top of it all.

I just assembled my motor 230 miles ago and i didnt think a headgasket could cause smoke to come out of the crankcase, am i correct?
Could i just happen to have two separate problems i.e., rings not seating AND a leaking headgasket?

Also. I am not running ANY sort of a PCV system, could that cause a problem too?

 

More than likely you might have cracked your pistons.....those signs are an indication of this "dilemna"

 

Bump

 

Bump.

 

What did you rebuild the engine with, I doubt you cracked the pistons. Unless you plugged the pvc system holes, it shouldn't really be forcing smoke to come from the dipstick and breather holes. . .

 

I rebuilt with Golden Eagle sleeves which I had a local machinist bore and hone (81mm), with JE 9.8 :1 pistons and rings, crower rods, and proline bearings. I had the crank journals polished and a line bore performed. i set my ring gaps based on the formula JE gives for a car running a forced induction set-up.