Smokes bad

Cheap stuffs don't work like NAPA said, redo the valve seals-who knows maybe the stems/guides-you still have to go back in-

Please, so tell me why "cheap" guide seals would only leak when it's cold. Maybe you're thinking that oil sits on the seal and leaks some through while the car is parked, then after you start it burns off the oil until next time you park it? Most likely, your cheap seals are fine. Possibly, you didn't get one of them on correctly or it came loose. Or your guides/valves are so shot that seals won't make that much of a difference. About the good compression now, there are multiple sets or rings on a piston. You have oil rings and compression rings. The oil rings keep the oil at the crank and obviously the compression rings keep compression. So, if you take the oil rings out, you could still have good compression however leak oil. In summary, I would consider other options other than blaming cheap seals, especially since you were already trying to fix a problem by installing those seals. Lots of work too. If I had a flashlight that didn't work, and I bought cheap chinese batteries to put in it, and it still didn't work, I wouldn't look to buy different batteries. The problem is most likely elsewhere.