I havnt rebuilt my motor but when my car is warmed up i get a nice puff of white smoke behind the car, and my oil pressure is what i would consider high, mine sets a 40psi for the most part when i was doing normal driving it usually stayed between 20 and 30 until i get on it really hard or higher rpms, it sounds to me like you have a Blown headgasket still, maybe it wasnt sealed properly or maybe there is a order in which you were suppost to put the arp studs back in for the head gasket to seal properly.
I am NOT an expert i just thought i would throw my 2 cents in the pot.
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