Thanks guys even though it's only got 105 hours on it you right about changing the bearings anyways. My dealer retired so I'm going to shop around to find a repair shop. Hopefully I believe there are sleeves in the block so it might not be that bad.
I checked and smoke is also coming out the oil cap when removed and even some around the center nut holding down the valve cover also front edge of the valve cover. Unfortunately I don't have the tools to check the compression.