HELP! SMOKING! VIDEO ATTACHED

hi i just bought a bagged 88 b2200 i have done nothing to it except replace the spark plugs (they were fouled) and move the fuel pump from the engine bay to by the gas tank ..seems to be smoking every time i rev it up and drive ...seems sluggish cant tell if its gas or oil but i am attaching a video link ...let me know your opinions thx


...also when i have the bags aired up i come out the next morning and the front will have fallen down a bit is there a leak or could it be just one bag in the front that makes them both go down?

think its your head gasket do a pressure test

LIEK TODD SAID DO A PRESSURE TEST AND YES IF YOU AIR IT UP AND ITS LOWER THAN WHAT YOU HAD IT WHEN YOU COME THE NEXT DAY THERE IS A SLOW AIR LEEK

thx ..come to find out its oil and going to be looking in to getting a new enigne soon..maybe put an rx-7 engine in it if its not to difficult/expensive.

I know I dont see well anymore,but is there a problem with the front of ur distributer cap or is just my poor eyesight?Looks like a big chunk knocked out of it.BJ