The car won't pass emmisions test due to smoke coming out and loss of power.

What is your question?

I have put new vavle seals,new timing belt,new water pump and gaskets in. I put C Foam in the oil and gas tank. When reving the engine up to 2600-2800 rpm alot of somke is coming out. It has 118,000 miles on it so I don't think it's the piston rings but I went ahead and put Restore in it to work on that also. The spark plugs has oil and looks burned right after I gave it a tune up. It feels sluggush in 1st and 2nd gear then kicks in. The leak down test shows compression at 125-155. I need help please!