Thanks to everyone who replied to my pleas for info. I went ahead and drained the oil from the engine again and did another oil change this time making sure that I only added 18oz of 10w30. The oil that I had just installed less than 30 minutes of operating time was quite dark not a honey color when I drained it. Unfortunately the lower level of fresh oil made no difference. After about 5 minutes of running it began to smoke If I let up on the spray wand the pump goes into bypass and the smoking is greatly reduced but as soon as I start spraying again the smoking starts up. So the oil level is not the issue. I am confident that I got the valves adjusted properly, the pressure washer started on the 1st pull and ran great until it started with the smoking...white smoke no doubt oil. I did not check it this time but what happened earlier was oil being drawn into the carb form the oil breather tube. Whoever suggested that the issue might have to do with valve guide, seal or engine wear is probably on point.
So now I am asking what steps I should take to troubleshoot and repair this issue. Yes I know about not screwing I the dipstick on Honda engines. This one has the small plastic dipstick that screws in at the base of the engine. It has a mark about half way up that is the full mark and after adding g 18 oz and reading the dipstick with it just placed on the tube (not screwed in) it is right at the full line.
Again any and all input welcome
Spit