dang, if it is that bad as to have smoke rolling out, you must have warped valve covers.
Get yet another set. Put two sets of valve cover gaskets on her at one time. Doubling the gaskets will improve seal--especially if they are warped.
A couple of hundred miles after installing them, ensure you retighten the cover bolts once more. Don't overtighten though, they will snap. YOu can get some of those chrome type of brackets that tighten down under the valve cover bolts....they are like two inches long and presses down on the valve cover in two places after you tighten each bolt down. SgtDel
aka "Andy"
www.delbridge.net
1979 Big 10 383 stroker
1991 Blu 'Burb 3/4 ton 4x4