Specs are , Mpi 1293, Stage 3, FSE fuel Valve, Sw5i Cam, 1.5.1 rockers, standard mpi manifold.
Wonder if anyone can help

Story goes like this.
Was coming home on Saturday afternoon, Car was sitting in traffic and water temp was sitting around 90 degrees.
Pulled onto the Motorway, and was crusing around 70-75 mph, then deciced to give Kermit some beans to catch a new mini and

Car was still pulling away nicely, will still accelerate, and there was hot air coming from the heater. However there is a knocking noise coming from the engine

So I got home and checked him out, found out his Oil was low. So topped this back up to the max level, around 2 liters were required. Started him back up and there was white smoke

So today I changed the oil to fresh 20/50 and new oil filter. The old oil was only measuring at 3 liters in the engine

Started the car back up and when you rev it white smoke is coming from the exhaust, and also from the left hand side of the engine, not exactly sure where tho, Think it might be the exhaust manifold or the back of the head.
Kinda worried ......Think it might be the dreaded.....Head Gasket.
He is not loosing any water, his expansion tank is still ok, and I have not topped it up.
Any ideas?
Mike