re: oil level... It's definitely not "over" filled. I try to keep it 1/2 full (on the stick at operating temp) or less - adding back to 1/2 when it hits the lower tick.
That said, it's possible it does smoke more when there is more oil in it. I'll try and notice if oil level makes a difference.
Also, this happens with street driving. Not sure if it would do it at the track worse or not.
It seems oil is accumulating in the intercooler. During hard acceleration and right turns, it pushes the oil towards the intercooler outlet and into the motor.
effvee- If the problem is something like you describe, it is way over my capabilities of understanding.

Thanks for the help though.
Thanks,
Skip