On the first pump, its not the pump causing the oil build up. 99% when you have excessive smoke and oil substance coming out the exhaust, its going to be the injectors. They are leaking into the cylinder. There is only one large gasket between the head and pump body, the plunger is the only thing between the pump head and the gear face.
Okay, they are kind of hard to dial in. When testing for the correct button, you will have to remove the delivery spring and then have the throttle open to the fully open position. Then back the blower, counter clockwise 15 degrees, start pumps, and then rotate clockwise until the injector pump stops. It should be at the PC mark on the flywheel.
I remember the first time I dealt with the pumps, I felt the same way. I bet it took 4 hours to put a pump on and dial it in, now it takes about 45 minutes.