Skeet, I had the blueish smoke film on my horn cover and air cleaner cover. I'm 6'1" and legs bend just fine. I only had the film after running 500-600 mile legs during the cross-country trip when temps were above 90 degrees. Every bit of the westbound journey ended each day with a thorough pounding on the engine in nearly 100 degree heat. The combination of high ambient temps, lean 50-state legal stage-I tune, and 75-80 mph, led to the blueish film. Some people complain of a little bit of oil coming out of their air cleaners after running at freeway speeds for a significant amount of time. Mine did that too just a tiny bit, but that was on the eastbound leg, which included getting snowed on at 8000 feet in Utah.
Bottom line, your TG is running too hot. Especially since you've reported it pinging like crazy. Since getting back to California, I've run the pi$$ out of mine in 95-100 degree temperatures to see if my new JAGG 10-row fan assist and Wards FCS are effective. They are. Since I don't run around at 80 mph all the time, I leave the FCS running continuously. The temperature switch on the JAGG won't energize the fan until 205 deg oil temp. I have it hooked up to the ACC switch. That way if I'm going over 45 mph it stays off. If I'm putting around on some switchbacks on the CA198 going up into the sequoias, then I can turn it on. So like I said in another thread, my motor and I are both very happy now.
OBTW, your dealer is smoking crack