All, thank you for your posts. @Wayne, the engine rebuilders in Canada had put in Liqui Moly МoS2, Leichtlauf Oil 10W-40, which is a semi-synthetic, and I replaced this with Motul Classic Mineral 20W-50.
I have done 60 miles on the new oil and the plugs were pulled after the oil change. Something is definitely not right. The car smokes lightly on cold start, smells a bit of burning oil, but is no longer blowing put any quantities through the dipstick. Fuel consumption is also higher than I would expect. I am hesitant to put on serious miles on the car, but am doing short drives in the neighbourhood hoping that the rings will bed in eventually, helped by the old school oil.