First off turn off your caps...It is interpreted by most as you "Screaming" at us.
Secondly...What does "Smoke Like" mean????
Is it smoke from the loader control valve solenoids, or is it an oil mist???
Will the compressor load/unload???
Does the "Smoke Like" appear when the compressor loads or unloads??
What does the 46-48 amps signify????
You might be in this over your head as "Smoke Like" can easily become "Fire Like" given the right (Or Wrong) conditions...