Just read this thread and you have nothing to worry about the smoke at start up, all 300tdi's do this as they start up rich to aid starting and mine also has visible smoke at idle, faint but visible. Mine used to run hot which also made the auto run hot because of a partially blocked radiator, I got it rodded out and that fixed the problem.
I was wondering if the pin that runs on the tapered shaft below the boost compensator diaphragm could be stuck or seized which would make it feel sluggish but I'm not sure if that would allow your egt's.
Re torqueing your head bolts, I'm not sure if you need to or should do that with the composite head gaskets, as the head bolts are torqued to spec and then turned a specified angle (60 deg?) but someone else may know the answer to whether you should or not.
14 psi is close to original spec, mine ran 13.5 standard, until I upped it to 18psi.
Have your valve clearances been checked lately?
Are there any restrictions on the air inlet side?
Injectors, well they could need a clean, they may not be atomising the fuel properly allowing a good burn of the fuel, they could be dribbling, or releasing fuel at too low a pressure. Does it smoke badly under load?

