Suggestions:
Is the breather hose between top of oil inlet and the inlet manifold clear to breath?
Do you have the steel wire filter in the oil filler tube, or?
Does smoke still come out of the dipstick if the oil filler inlet tube lid is opened?
Try adjusting the gap on the choke rod gap in by (say) 2mm and see if this helps with a faster idle. Air is introduced to the inlet manifold through the top of this shaft when the engine is on choke. (Always surprised me as this air is not filtered).
I asked once before if you were sure that the inside of the choke water chamber was clean of old radiator dirt. I think if you remove both water hoses you can poke a fine wire in and then hose it out to check.
Are all your adjustments done at (the magic) 80 degrees C. ?
Try giving the hose between the air cleaner and the altitude gizmo a partial squeeze off this should upset the tune/idle thus proving the hose is clear.
Is the fuel outlet (Return to tank) connector on the outlet side of the mechanical pump the correct one, it is a restrictor of flow?
Maybe grasping at straws but it does sound like it is something simple.
Is the breather hose between top of oil inlet and the inlet manifold clear to breath?
Do you have the steel wire filter in the oil filler tube, or?
Does smoke still come out of the dipstick if the oil filler inlet tube lid is opened?
Try adjusting the gap on the choke rod gap in by (say) 2mm and see if this helps with a faster idle. Air is introduced to the inlet manifold through the top of this shaft when the engine is on choke. (Always surprised me as this air is not filtered).
I asked once before if you were sure that the inside of the choke water chamber was clean of old radiator dirt. I think if you remove both water hoses you can poke a fine wire in and then hose it out to check.
Are all your adjustments done at (the magic) 80 degrees C. ?
Try giving the hose between the air cleaner and the altitude gizmo a partial squeeze off this should upset the tune/idle thus proving the hose is clear.
Is the fuel outlet (Return to tank) connector on the outlet side of the mechanical pump the correct one, it is a restrictor of flow?
Maybe grasping at straws but it does sound like it is something simple.