The fellow who taught the duramax course had a comical story for us, it involved a super awesome K&N filter and an idiot. The teacher of the course was doing some engine work at the shop, he left to go to the washroom and when he came back he checked it over and fired it up. It then went to 10 Billion RPM or so it seemed and promptly detonated scattering Isuzu parts everywhere. Well, he pooped his pants a little. He was left wondering what he had missed or done wrong. After further investigation he found a now dry K&N air filter with oil everywhere. The fellow who owned the truck had come in when the tech was in the can and plopped in his new super awesome filter with the entire filter charger bottle of oil on/in it. Too the customers dismay there was no longer any warranty.
This story relates to the turbo spewing oil, if its oil smoke from a turbo, well that's just a bad scene. I do realize that in larger trucks it would take quite a while to fill the ACC, but the turbo being linked directly to the filter header for oil supply in most cases, it wouldn't take long. The engine would run on ungoverned by throttle if the intake side failed. If the exhaust side had failed, oil would be everywhere and the smoke would be constant. Oil smoke is generally not as excessive by any means as fuel smoke. It is also typically piston ring/sleeve related.