I appreciate everyones support.
The white smoke seems to be lessening with the more tinkering I have done.
The transmission seal was on with the lip facing in. I put new seals and bearings with the rebuild.
I have not done a compression test. What is the best way to check for a faulty ring?
I drained the tank, checked the kill switch wiring, re-cleaned the carb. It is running the same.