10/30/2014 5:10 AM
My tech said you either cracked a cylinder wall into the water jacket or blew a head gasket by overheating it this summer. The white smoke may actually be steam from the coolant entering the cylinder. The lack of HP is from a lack of compression due to blow by. If it's the head gasket, easy fix. If you have a hole in the cylinder wall, it's done.
I have a few 6500's, all with 6,000+ hours and still run great!