OK then, here's the story. I've had this Omega some time now, but when I bought it the engine was in bits - all the inlet valves were bent or broken, so looks like it broke a cambelt. Anyway I sourced a second-hand-engine, from a local engine specialist, who promised they had run it and checked it was OK. Unfortunately, what with installing it in my spare time and being supplied the wrong crank sensor, it was more than 30 days (the warranty period) before I got the engine running. When it did, it smoked - badly. Blue oil smoke, a constant stream while idling, and clouds when it was revved. The engine supplier said it was probably due to oil having found its way into the wrong places when the engine was tipped over and should clear with running. It didn't, and as I have no tax or MOT I can't take it on a road run. I have run it in the back yard for up to half an hour at a time though, no improvement.
So, a discussion with my friend, an ex-AA man and time-served mechanic, who suggested crankcase breathers (no, not pressurising crankcase), valve stem oil seals, or rings. So I stripped the engine, replaced the rings, big ends at the same time, valve stem oil seals and of course cleaned & lapped the valves while I was at it. To my dismay, it was just as bad when I put it all back together.
At this point I discovered my cousin does engine machining for a living and asked him, as by now my friend was suspecting a cracked head (as somebody here had suggested earlier. My cousin thought that unlikely as these heads don't usually cause oil problems if they crack. His suggestion was that it could be oil remaining in the exhaust, even though I've run it quite a bit, could be residual in the cat. Thinking about this, the broken cambelt could have caused a significant cough of oil into the exhaust, so it sounds plausible. His other suggestions were that the rings may need bedding in - I didn't hone the bores as I don't have the tool - or a scored valve guide.
What does the panel think? I'm about to take the head off again for another look, and at least I know where I can get it checked out, but how likely is this exhaust issue to still be the problem, all things considered?