Most smoke is from worn/hardend valve stem oil seals.
Can be done with the head still on, but if your doing the head gasket, then you are half way there. When the head is off, remove the camshaft, valve springs and valves. The "stem" seals are metal/rubber seal that fits on the top of the valve guide and stops oil from going down the guide into the combustion chamber causing the smoke. Pull off the old seals, press on the new ones and that is about it. (The seals can be a bit hard to get off) Check that there isn't excessive sideways movement in the guide by rocking the valve sideways.
Skimming the head is done at a engine machine shop or reconditioners. They resurface the head gasket side of the head to make it dead flat, usualy about ?25 where I am.
Steve.