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Excellent comments above.
Blue smoke is oil. If it puffs ONCE in blue upon cold start up = valve seals.
That wasn't blue smoke and it puffed each time you gassed it.
Black smoke is rich fuel mixture.
That wasn't black smoke.
White smoke is water condensation inside the mufflers exasperated by oxygenated fuels.
You're free and clear! Enjoy that nice looking roadster!
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