I have a Chevy 235 that is not original to a '53 GMC 100. While trying to source a differential, I got bored and decided to try to start it. I cleaned out the carb (Zenith) and got a battery, a jerry can as a provisional tank, and water in the radiator. After a few cranks it started up, but I have two issues:
1. There's quite a bit of smoke once it warms up.
2. The oil seems to have gotten water in it.

I had checked the oil prior to the initial start up and it seemed fine, although I suppose it is possible that there was some water in there because I have no idea how long the engine had sat. I changed the oil to see if the water showed up again and there seems to be considerably less water in it after running it for a few minutes to let it warm up. However, the smoke is still there.
The plan is to pull the head and check it out to rule out any damage to it. I'd like to know if anyone could give a basic breakdown of the procedure (since it's an OHV, can I just pull the head as is, without any disassembly?) and if it is safe to reuse the head bolts? I'd also appreciate any other related advice.