Stan.........long time ago, you used to haffta put water pump lubricant in yer engine coolant. Modern green anti-freeze already contains WPL. Unless you clean yer engine with special block cleaner, you will still have WPL in yer water jacket. It doesn't hurt to have old WPL floating around.
As fer yer original question, BIG guess, you have a WARPED flathead and yer headgasket LEAKED anti-freeze into yer cylinders and down into yer oilpan. Yer lucky you didn't hydraulic LOCK yer piston and break a crankshaft. While you "might" be able to "skim" yer WARPED flathead (0.065" max), I doubt it. Yer better off byte the bullet and buying a NEW high-compression flathead which also will increase yer 2N's hp from 23hp to 26hp.
As fer the SMOKE, using ATF or MMO (Marvel Mystery Oil) that is NORMAL to smoke all the oil off'n the CARBON that is caked/baked on top of the pistons. ........the amazed Dell
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Today's Featured Article - It Can't Be Done! - A Tractor Story - by Neil Campbell. I'll never forget the time back when I was a boy baling hay on our Farm in Big Rapid, Michigan. The most memorable event that took place was a trip up the steepest incline on the farm pulling an old New-Idea baler with a pony-motor for power and a haywagon. I had just talked my Dad into buying an old John Deere B with 6-speeds ahead and I was real proud of it, except it was a little smaller than the Case tractor that we normally
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