My first suspicion would be a lack of boost. From underneath, check that the
turbo wastegate lever is still attached to the wastegate actuator rod. If the lever is free to flap about you won't be making any boost. Check that the lever can move: pull down on the actuator rod (it's under tension and is hard to pull) and the lever should open, and then snap shut under spring pressure. If it shuts slowly, or doesn't make solid contact when it's closed, the wastegate might be stuck open.
More generally, heavy smoke under load is a low air/fuel ratio: not enough air or too much fuel.
Not enough air: I would install a boost gauge, even if only temporarily. You should be getting around 10psi. If you're not, and the wastegate is working fine (as above) check the
overboost relief valve for signs of leakage- if it's excessively oily, it might be weak and opening when it shouldn't. The relief valve tends to make a loud whooshing noise when it opens, but if it's always been like that you might think it's normal.
Too much fuel:
-Has the injection pump been messed with? Check the full load screw on the back (
pictured under step 10 in this post). It should have a metal anti-tamper cover over it, if it looks like it does in the photo then it's probably been adjusted.
-Check the boost compensator cover for signs that it's been removed (step 6/7). Wrench marks on the bolts, alignment marks on the cover...