Truck running again, question on white smoke

[Heinz55]

After much heartache, experience gained, frustration and tools acquired Mabel starts again.

First engine rebuild ever, not to bad (had help from a sax jazz player, neither of us had ever seen inside an engine before). Just gotta fine tune timing and carb, alignment, and soon relocate gas tank. oil 50 psi, which is better than 10 which is the reason I rebuilt it.

Engine is smoking a bit, and by that I mean it seems to be oil on the headers and exhaust burning off (like a charcoal grill when you heat it up). I do not think I have an exhaust leak, since I have good exhaust at tailpipe and no white smoke I could see.

One question though. How much smoke (if any) will I see from all the oil and assembly lube used during rebuild (I was quite liberal given it was the first time and I wanted to avoid any rubbing during start up)?

Thanks in advance, this site has been a wealth of knowledge from the start