1995 Ford Mustang white smoke

Engine Mechanical problem
1995 Ford Mustang V8 Two Wheel Drive Automatic na miles

I have a 95 mustang with a windsor and c4. It is carbed and no computer. I am getting a alot of white smoke from tail pipes at start up. After warm up. Driving. Basically it is constant. My oil has no coolant and my coolant has no oil. Both are very clean. The car drives great and oil pressure is great. The tranny is a RMVB c4 with a stall. It has a modulator valve but no line running to intake or carb. I'm aware that the first thing I should do is pull the plugs. Im working on that. I have to put the socket on a bench grinder to thin it as the socket will not not go over the plug due to the header flange's. The heads are d0 with larger valves and much porting. A buddy is going to put the socket on his grinder tom. So hopefully it will work and I can pull the plugs friday and do a compression and leakdown test. Since the oil and coolant are clean i'm kinda lost cause the oil and coolant are not mixing meaning a hg or craacked head or block. Does anyone have any suggestions?

Thanks for reading.

Keith