Re: smoke
It's difficult to tell from the photos (and difficult to photograph I'm sure), but it looks like the rubber grommett and dipstick may have gotten pulled out of the block. It may be as simple as removing, cleaning & correctly reinstalling. The rubber can become swelled and require replacement. Worth checking.
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Jerry Downey
JERRYS LT5 GASKETS & PARTS
http://www.jerrysgaskets.com
1994 ZR-1, Black/Black, Lingenfelter Aerobody, 416cu in, 3.91 gears, coil-over susp, Brembo brakes, etc.
2016 Black-Red, 3LT-Z51 Auto 8-speed.
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