I'm feaking out, man!!! E shaft oil pellet stuck?

[Max777]

Being an avid Grassroots Motorsports Magazine reader, I decided to check out their second generation RX-7 buyers guide online article today:

http://grassrootsmotorsports.com/articles/lucky-7/

In it, they mentioned the e-shaft oil pellet failure, and that it supposedly once it happens, your engine is done?

The car’s real Achilles’ heel is the eccentric shaft bypass valve. This valve lubricates the oil seals and O-rings, but only after the engine heats up. If it fails, it’s not apparent until the engine starts to smoke, and by then it is too late. Most premature engine failures can be attributed to either this problem, overheating or abuse. The solution is to replace the eccentric shaft bypass valve as a matter of course every 75,000 miles or so.

Recently, my engine has been smoking oil at random times, and I'm getting a bit paranoid that I may have toasted the oil seals due to this. I'm really hoping that the failure is the turbo, but then wont it be smoking steadily at all times?

My car has 150,000 miles on it right now. The original engine died in 1997, and was replaced right around 75,000 miles, which makes my engine have roughly 75,000 miles, give or take 10,000....

When I bought this car back in September, it tested 105 and 110 compression on both rotors. (Why I bought it) so the engine seems healthy, but could this blue smoking be a sign of needing a rebuild so soon? I would hate to trash a good motor because the oil seals crapped out.