I recently purchased a 2000 bobcat 864. It has the deutz oil cooled engine with about 1800 hours on it. The engine puts out an excessivly heavy, constant blue gray colored smoke out the exhaust. It uses oil at the rate of about three quarts of oil an hour. We pulled the turbo, It was shot, intake manifold had a lot of oil in it so I assumed the turbo was the problem. Installed new turbo, no improvement. Removed and checked the pcv system. Checked compression, 360 to 402 psi. across the cylinders. Checked for leaks and installed new muffler, again no improvement. Removed oil fill cap and dipstick, it has a lot of crankcase pressure at idle, so much that you can feel it coming out of oil fill at a distance of 12 inches away from it. with a light spray of oil coming out of dipstick hole. This machine starts when cold and runs as good as I would expect a new one to, with no missing, loss of power or overheating. I am reluctant to pull the engine and tear down for an overhaul because of the compression and performance of the engine. I am now thinking head or gasket failure because of the crankcase pressure. Anyone out there ever seen this problem with this engine before? Any replies would be greatly appreciated. Thank you.