If you are getting smoke on cold start-up only then it's possibly that oil is getting into the combustion, normally its valve seals letting some small amouts of oil to get past which then burns off quite quickly.
I used to have the same problem with a V6 Vectra, when starting in the morning it would smoke a bit when cold then clear quite qucikly, valve stem seals were the culprit.
Could possibly be some residual oil still in the intake pipe getting sucked back in, but less likely and you'd get it when hot too.
The only way you could eliminate the catch tank from the equation would be to revert back to the OE setup and see what happens.
There have been cases when excessive vacuum can suck residual oil back into the intake but not seen it myself and not encountered it as yet, certainly not an issue I have had with my installs.
how sooty are the exhaust tips?
maybe worth a look at, or we can meet up and i'll have a look Richard.