I bet its the lower intake leaking. I doubt that both head gaskets would go out at the same time after so little time. Unless they were not torqued properly to begin with.
White smoke on deceleration would lead me to think that coolant is being pulled in from the water jackets in the intake.
Al
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95 GT, GT40 Aluminum Heads, Intake u/l, 9# Powerdyne SC, 65 mm FMS TB, 70 mm FMS MAS, 30 lb injectors, E303 cam, Hooker Super Comp equal shorty headers, H pipe, Flows, Nitto DR, MSD BTM, Adjustable FP reg, 255 fuel pump, Autometer gauge pod with Electric FP guage and Boost guage, a few other odds and ends
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