oval bowls are not the issue. you might get knocking from them but any smoke, knock, general differences from reg pistons BESIDES mpg can be adjusted and cleaned up. And even mpg cna be mitigated with some other changes. cam might be an issue but only if the converter doesnt match it and its only going to be an issue when you get into the throttle decently before spool up has happened. i dont know where socal rates the rpm band of the stg 2 cam but the higher flowing heads should only help promote boost to come in faster. BUT if the cam is meant for more RPM, it will negate what the heads supply down low.
rail pressure can definitely be an issue here. i wouldn't rule out the FPRV, they can trail off with a weak spring.
I didnt go through your logs but do you have one specifically where the smoke is happening as you drive through town? WOT wont help much as that's not what your main concern is, correct?
vane position and fueling make up a huge part of smoke down low on your setup. it can be extremely picky on getting it right. Steve fought hard on an LBZ i built an engine for. it had stock cam but oval pistons, 60% over injectors, Danville 68, Precision ML converter, and bunch of other stuff. It was a fine line between too smokey but quick spool up and no smoke but laggy as hell. Alot was contributed to the 60% over tips put on stock bodies but the tips were used and injectors had 200k on them. Getting the vane position on the turbo was a bit of a fight as well because it didnt follow stock positions by any means. Steve talked with mark a few times and got a better game plan together that helped get it sorted out.
At the end of the day, you really gotta have someone sit in it and tune it. remote is only going to get you so close.