Just to check (since you said you have excessive blow by), are the plugs fouled with oil on all the cylinders? From what the kick inside was saying, it does sound like you are a bit low on compression. If your rings are bad, having a problem with your crankcase ventilation system could cause oil to get pushed up and cause the smoke. Not sure if having the turbo spool up at the same time as more smoke comes out is directly connected, or just connected with higher engine RPM.

And I think Hellboy didn't realize you were replying to Klaus and not to him. He must be touchy these days :)