I realize this is an old tread, but I was having white smoke as well... tried adjusting timing in both directions, advance and even retard. That helped some but engine keeps rough and has a noisy idle and had quite significant crankcase fumes / pressure.
Engine always starts easy, so never thought there could be a fuel supply issue.
Then suddenly had a starting issue, suspected fuel pump at first but nothing wrong there... eventually pulled the box fuel filter out and tried to blow air through it with my mouth... nothing whatsoever! Compressed air, no problem, but the low pressure from my lungs was insufficient.
So checked a few other diesel filters, twist on type but with even higher filtering grade and with all I can blow through them, so I suspect the box filter must have been completely saturated with dirt and clogged.
Thus I ordered a new Stanadyne box filter and yes, for the first time now, the engine runs quieter, smoother and definitely better. Still have to adjust timing, according to specs and then search for sweet spot by feel. Also, before the engine did not react to any pressure put on the advance lever on the passenger side of IP, but now it does, a little and no longer smokes white but more dark grey-ish from tailpipes, crankcae vapors have virtually completely gone now... perhaps adjusting timing will tune the engine better and do away with the smoking and give better advance lever response...
I guess the fuel starvation caused a "too low fuel pressure" in the IP housing which must impact on advance and even injection in each cylinder etc... and perhaps a few more elements are being avertly impacted by this fuel starvation issue.
Comments and your expertise welcome...
Thanks,
Jake