It is common for honed injectors from most companies to smoke more. Black or white smoke? Also, the 370 pistons lower compression a lot. If the block wasn't decked, you might be around 15. 2-15. 5 to 1. Even if decked . 010 to . 020" with the thin stock head gasket (3283335), you probably won't reach 16 to 1. The lower compression is OK for maximum power, but drivability, espcially cold, will not be as good. You will get a trail of white smoke (unburned fuel) until it warms up. Gray smoke means a mixture of white and black (partially burned fuel).