Have a confusing situation goin' on.

I'm approx 4K miles post cam build on my 110 and recently logged 2K miles during my Myrtle trip. Head gaskets are solid, and the bike ran strong.
But! Yup, there's a BUT! The guys I rode to Myrtle with noticed that I was smoking on deceleration. Actually, it was the bike that was smoking.
It's clean (no smoke) on acceleration but then it began losing power this weekend. We immediately assumed that the rings were good and the problem must be a valve guide or seal. Prior to teardown: no compression loss. Upon teardown: valve guides and seals are in good condition, seat pressure is good but there was alot of oil lying in the Ness Big Sucker/Intake. Also, the plugs looked like they had coral growing on them. So I'd attribute the spark plug growth to be poor quality fuel and burning all that oil

It used a quart in approx 1,200 - 1,500 miles. I'm running Amsoil (in all three holes - 20/50 in the crankcase & primary and severe gear in the trans). Everything appeared intact and without defect other than the oil seemed thin and excessively dirty with a foul odor considering I only have the Myrtle trip (now approx 2.5K miles) on this oil.
Does anyone have any opinions or previous experience like this? There seemed nothing out of the ordinary other than the plugs and the excessive oil in the intake. We buttoned her back up, replaced the spark plugs with fresh ones and changed the oil & filter. Could and oil journal be plugged? (Oil isn't draining out of the rocker boxes, goes through the intake and gets burnt with bad gas causing the tumor growth on the plugs

) Oil is too thin? (finding its way out the breather as it's easiest egress

) Blow by? I put SAE50 fossil in it and I'm going to keep checking the oil level at each fill-up for a while.
On a positive note: Swapped out the Rinehart true duals for a D&D Fat Cat 2-1! Great sound and bumped HP to 107 & TQ to 109!
Any comments would be appreciated.
Mike