I'm always looking to learn something new, you've posted a lot of knowledgeable info but I'll have to agree to disagree on this one. Maybe there's something you can cite in a link that I can check out?
My understanding was always that the smoke on startup is due to unburned oil / fuel due to a cold engine being inefficient, the same as a cold diesel engine or a 4-cycle gas engine with a lot of choke smoking at startup. Unburned fuel = smoke. Once it's warmed up and burning efficiently the smoke subsides.
I can't buy into the idea that the oil drops out of the mix, obviously SOME oil lubricates the bottom end, that's it's job! But a freshly rebuilt 2 stroke smokes immediately because of the oil burning out of the combustion chamber.
But ...I love to learn something new, why am I wrong?