Last outing had noticeable increase of exhaust smoke exiting relief ports on upper midsection.Since then ,to rule out any cooling issues that may or may not have existed,I installed a new waterpump assy. and T/stat assy. and a fresh set of Champion QL78YC plugs.Just restarted engine on hose in driveway and still have an abnormally high flow of exhaust exiting relief ports.When in water running at 4500 or so there is spritzes of water present out the reliefs but still seems to smoke visibly.This engine has had the vro bypassed for several seasons and is running on premix at 50:1.Only noticeable performance change that is evident along with this excessive exhaust relief issue is a loss of 200 or so WOT rpms.<br /><br />Question:does anyone have an idea of what may be causing this symptom?I was thinking leaky inner exhaust housing gasket or possible failed exhaust cover gasket but not sure.There is no external leak coming from the exhaust cover . Any help is much appreciated.