Hey guys whats up? I've already searched and talked to many people about this and no one (including me) knows whats really going on. My car started putting out clouds of FLUFFLY, LINGERING, WHITE smoke right after i got my 3" exhaust put on (no cat). Exhausts usually smoke a bit when their new, but it didn't stop so i was worried. Now before you scream headgasket listen! The smoke slowed down in a couple days, and it was puffing the smoke out randomly (3 clouds in a 1hour drive).
Then i figured out exactly when it does it! It'll puff out the smoke when i let off the gas, let the engine rev down (still in gear) and then get back on the gas a little. It does not smoke under boost either. I let the car sit for a day once, and when i drove it the smoke was really coming out (gets worse the longer it sits i think). That day i drove it the smoke simmered down later and went back to its normal pattern. But the smoking seems random too! Like if i let off the gas, then get back on it, the smoke will only come out like 3out of 10 times i try this. It seems like the car smokes the most if i'm in 5th gear

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HERE ARE SOME FACTS THAT MIGHT HELP: Car doesn't smoke on cold startup. Doesn't smoke under boost, or normal acceleration. Puffs out big and small clouds (maybe bigger the longer i let the engine rev down?). Does not puff out smoke while i'm driving on the freeway (not the wind blowing it away), but will when i get onto normal roads after a freeway drive it will

. The residue in the tailpipe taste/looks like oil, but follows the smoke characteristics of coolant. When the car was jacked up (angled towards the back) there was water spit out by the exhaust, and water droplets in the muffler. My oil, and coolant both look good. Car still feels as powerful as ever. I've got a rebuilt T-28 on there too. I haven't checked to see if theres oil on the exhaust wheel, but it would smoke under boost if this was the case. I've got a restrictor for my oil feed line too. I haven't done a compression check yet.
So i'm wondering if you guys have any idea about whats going on? Its probably my headgasket, but why wouldn't it smoke all the time then? All the easy fixes i've hoped for aren't true (like too much oil, condensation in the exhaust, and new welds still smoking). Its looking more and more like a headgasket

, really

. Well what you guys could help me with is tell me whats going on while the engine is braking (TB closed, 20 vacuum or so) that could maybe cause some type of build up that the exhaust puffs out when i get back on the throttle? Also is there something that if angled towards the back of the car would let more water/coolant into the exhaust? Any ideas or anything you guys are thinking please let me know! Thanks
-STEVE-0
p.s. let me know any questions you have that might help you figure it out