A couple of week ago while trying to sort out my cooling issue, which is still not working, the motor backfired a couple of times and blew smoke from around the bottom of the powerhead. Now smoke comes from the back of the powerhead and there is an oily residue around the area of the head gasket on the left side of the motor as shown in the picture.
I'm thinking it might be a blown head gasket or the gasket that sits under the powerhead and on top of the spacer plate. Which would you think it would be?
Thanks in advance.

Thanks in advance.
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