The engine isn't running hot at all. I'm thinking that it's not smoking due to too much cooling. There is plenty of lubrication splattering out of the muffler, and after a run I can touch the muffler. It's a bit hot, but not hot enough to burn my fingers.

I think if I ran it a bit leaner and hotter, that oil would be coming out as smoke instead of green liquid. The engine idles and runs very smooth.

As for the gyro, I tried reversing that channel and it doesn't seem to make much difference.

Thanks for your reply.