I wouldn't worry about the fairings (you'll probably bang them up too) or the pipe (just see what they say).
What's wrong with the ignition box? did it not start ok? does it misfire?
The white smoke doesn't sound good to me - but I'm no ubermechanic. Could have head-gasket problems(?)
Is the oil discoloured (check the oil window on the right)?
And what are you doing hitting 18k already?

ty
If you have no fear, you're not going fast enough.
Never argue with an idiot. He'll drag you down to his level, then beat you with experience.