A few months back, I installed pods on my 75 550, along with a small filter on the breather cover to take the place of the hose that ran to the now-non-existent airbox. A couple weeks ago I noticed that the filter seemed a little oily. And now I'm noticing a slight amount of smoke emanating from the filter. I don't know how long it's been doing this, but I never noticed it before.
Last week, I rebuilt the carbs with a K&L kit. I didn't change jet sizes, but the engine runs a lot leaner anyway (I suspect because the main jet o-rings are no longer decrepit). Could this smoke be an indication of overheating? My guess is no, because it starts soon after warm-up and does not appear to get any worse during a 20-minute stop-and-go ride. Still, I want to be sure.
My amateur guess is that perhaps the piston rings are gummed up with carbon (the bike ran pretty rich for a long time). Any opinions?