Dealing with the same stuff on the Fugly Duckling.
Hmmm, so maybe the fusible links were cut out.Those don't appear to be fusible links, looks like normal 10ga or 12 ga wire, to me. while split loom is nice, it will cover up the fuse links and make finding a melted one harder.
Not a big deal if you know the symptoms of blown fusible link, you will know where to look.
So you're sniffing exhaust?It doesn't have an oil smell. Smells like typical exhaust fumes.

I'm just a rookie exhaust sniffer, that's why I had to post here.So you're sniffing exhaust?
It's typical to see a little bit of smoke or haze when cracking the throttle.
I would drive it and see how things are, then keep an eye on the oil level. There may not be any problem other than needing to get out and run, and possibly some small adjustments needed.

