I stumbled upon this thread:
valve stem seals smoking temp fix - Bimmerfest - BMW Forums
Until I figure out the suspension and everything related to it, I'll postpone the valve stem steal job until I see how this LiquiMoly Motor oil saver works.
Great reviews across the board on this product and several people reported no more smoke and almost no oil consumption over a 500-800 mile period from the start of the treatment.
I'm gonna try it along with a 5W40 oil and let you guys know if that improves the smoking and the oil consumption.
I know some say it's a temporary band aid but to let it smoke and consume oil is not ideal either.