Breather Cap Smoke

Rings are stuck from carbon build up. Get it good and hot on a long ride after oil change and carb rebuilt correctly. Don't baby it. Heat and a good beating may free up the rings. Don't wind it up high the top rings may it a ridge and break. Long steady hard pulls until you know its cleaned out.
A couple of sea foam treatments, maybe
I watched an old timer once pour small amounts of water in a running engine for carbon removal ???
Chek out youtube "decarbonizing your engine with water "