White smoke could be the oil your useing or even that your burning coolant(hope not),the bike shouldnt need race gas unless he up'ed the compression.I could write a small book on jetting your bike,but Rick or another member all ready have.Do a search,even though there talking 500's the same "how to" info applies to your 250.If your running the right plug and its tan thats good,white-lean,black oily-rich.Hows the bike run?Does it run crisp, ping,bog,seem hot,run sluggish,hard to start?Run good down low,midrange,or on top?As for your suspenion try Pro-Circuit or ACME.