I was finally able to stop scratching my head, trying to figure out why my bike would not fire.
Turned out to be that after all my double checking, I should have been more delicate when re-attaching hoses. A small separation in the walls of my main petcock to carb hose collapsed inside the hose..blockage+starter button=no ignition (in my case)
After cleaning up the hose issue my bike successfully fired. I warmed it up with the choke out and then reset the choke when it was warm. I had the bike idle for about 2 minutes and then noticed smoke.
The smoke was slightly exiting through the motor/exhaust header, slightly through the stock pipe and a little blowback into the air filter.
Smoke was white..if anything a light light grayish white
Im not sure if in my attempt to clean up the carb that maybe the air/fuel mixture screw is out of adjustment or if my idle screw has any bit to do with the smoke.
Fuel/Air screw is backed out 2 full turns from being all the way seated.
Bike also started to smell like it was running hot after just idling that short time..I checked the sight glass and the new oil I had put in with under 5 miles is rather dark.
Back to scratching for now.