I never had any smoke issues with my xj40. But a few days ago i raised the car on the front with the back wheels still on the ground. It stood like this for a few days. After putting it back down and running it, the tailpipes smokes quite considerably.
I was scared, but after 20 min of driving it went away and so far(100km more) it didnt come back.
I do not know about the inclination in particular, but it is very common (normal?) for XJ40s to blow a puff of oil smoke after sitting (even level) for any time, even overnight. This is because the engine is canted to the right so as to allow for a lower profile hood (bonnet). Engine oil on top of the head will pool to the right, submerging the exhaust valve stem seals. As those rubber seals age and wear a slight amount of oil seeps past them and is burned when the engine is fired.