ok,

rechecked compression
1. 250 psi
2. 260
3. 290
4. 300

I also checked timing chain stretch to be 10 degrees. So I assume this isn't helping my problem. I will probably go ahead and order a new chain.

I also ran across this thread
White smoke...Uh ohhhh | Mercedes-Benz Club of America

It's pretty much what mine is doing. I'm wondering if the #1 #2 cylinder head gasket could be compromised allowing oil to enter.