In September last year I wanted to check a few things with the engine hot and the thermostat housing stayed cold and the thermostat did not open and the engine got hot.
I have started the engine a few times since without getting it hot and all was OK. I changed the thermostat this weekend and ran it yesterday and all was good – got up to normal operating temp again with no issues.
Today I started the engine up and really heavy white/blue smoke came out of the exhaust – so thick it was smoking out the neighbourhood. I didn’t get any pics but later I went out and restarted to get something – this time the smoke was no where near as thick but is still there. Here is the vid (click of the pic to open).

So it looks like when it got hot last year I did something to the engine that has not manifested itself until now.
Oil is nice and clear, coolant does not have any bubbles or oil. Heavy thick black oil is coming out from exhaust pipe joints on both banks of the engine. My thoughts are that with the engine getting hot – there is at a minimum a ring issue – clearly oil is being burned. When I have had similar symptoms in other engines in the past, broken/melted rings have been the cause.
At this stage I am thinking of pulling the 4.6 and putting the old 3.5 back in so that at least I can use the vehicle and sort the 4.6 out on the engine stand in slow time.
Happy to take ideas and/or thoughts.
Thanks
Garry