Not sure what happens when the crank angle sensor goes bad....this very well is your problem. I'll let the other guys chime in, but your smoke may be the oil dripping on the exhaust pipes... and sometimes the starter is known to act up. Mine used to do it intermittenly where the key would turn and just click away, but after a few turns the starter would be okay.
WHere in Ohio did you buy it?
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Matt
1995 Subaru Svx L / AWD
My Locker
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