I had an old Evinrude years ago.
The fuel/oil mix for that was supposed to be 50:1. I used that mix and got a lot of blue smoke. When I pulled the plugs, they were fouled with unburned oil. Looking to the cylinders, I could see sludge building on the piston heads. I discussed this with the people who then made Evinrudes and they told me most 2 cycle outboards could safely run on 100:1 mixtures but that makers suggest a higher oil ratio since a lot of users don't mix it correctly. I slowly began to decrease the mixture on that motor and eventually settled on 100:1. The engine ran great, had little smoke, and the crud inside the cylinders cleared up.So, I suggest starting out with the recommended ratio and see if you get "excessive" smoke. Check your plugs and cylinders after every couple of uses. If it looks like you have unburned oil fouling things up, start a regime of slowly decreasing the oil mix until you find your engine's sweet spot.