Welcome to the forum!
Just some advice on the smoking at startup.....I have rebuilt a few of these engines, the smoke is caused from the gunked up oil control rings on the pistons......valve stem seals won't help much at all. The oil rings get stuck in their ring grooves until the engine temp gets warmed up and the gunk on the rings & grooves heats up and the rings expand and start controlling the oil along the cylinder walls again.
On the fuel usage.....these trucks have a known issue with their ECU's where 2 capacitors leak acid onto the ECU board and the acid etches the copper traces to the point where they will corrode and cause a open circuit. The circuits that get affected are the fuel injector circuits......if your ECU has not been inspected for corrosion, I would do that first.
Keep us posted on your progress, and post some pictures of the truck if you can.
Just some advice on the smoking at startup.....I have rebuilt a few of these engines, the smoke is caused from the gunked up oil control rings on the pistons......valve stem seals won't help much at all. The oil rings get stuck in their ring grooves until the engine temp gets warmed up and the gunk on the rings & grooves heats up and the rings expand and start controlling the oil along the cylinder walls again.
On the fuel usage.....these trucks have a known issue with their ECU's where 2 capacitors leak acid onto the ECU board and the acid etches the copper traces to the point where they will corrode and cause a open circuit. The circuits that get affected are the fuel injector circuits......if your ECU has not been inspected for corrosion, I would do that first.
Keep us posted on your progress, and post some pictures of the truck if you can.