Put on a Coolant system pressure tester. Saw a dripping leak from one of the heater hoses. Explains the white smoke from that side of the engine. Next was to take a look at the oil sending unit. turns out that the wires for the sending unit were exposes and looks to be causing the issue with the oil pressure reading as the engine seems to be having good pressure. Last was the main leak that was spraying over the top of the intake manifold. Had a friend rev up the engine while I inspected and it was shooting straight out of the valve cover seam. Strange since I put brand new gaskets on it but perhaps they didn't seat properly.
So looks like I discovered the causes for my problems. Going to attack this tomorrow and see how it turns out.