Smoke out the breather is a sign of blow by. Its basically exhaust gas getting past the piston rings and looking for a way out. On its way out it brings extra heat and contaminants which is part of where your oil is going. You dont see it as soon on newer cars because of the PCV system sucks it back into the system up to a point. I saw your other post where you said you got around 100psi on a compression test. Thats on the low side, your motor is just worn out. Time for a rebuild or find another engine. A good fresh engine is going to be over 150. 120 is getting down there but I have heard people say they still run good. You start getting in the 75 range and it wont run anymore. Its also one of those things that is likely to get worse fairly quickly.