Hi and thanks for all teh replies... now for some more info:
The bike has unknown kms but I assume at least 250.000/300.000km since it is a former police force bike.
Both pistons have new rings, smoke that they saw was at heavy acceleration, not on deceleration.
About the carbs: this is a tricky part.. the left side carb is NOS, the right side is the original one. Why did I buy a new left side carb? Because I could never fine tune the mixture screw (best position was completely in and still would foul plugs).
With the new carb I can see effect on the mixture ring (I tune it for the higher revs by ear).
I really dont know the position of the needle on the right side because, as I explained before, the screws are blocked and I dont really want to brake them without a really good reason to go in there.
Both these plugs are half an year old.
This test: I was riding on the highway at 4500/5000 rpm and pushed the kill engine button and coasted to a gas station, so these results are not influenced by the idle circuit.
I guess I might buy a new pair of sparkplugs this next week and re-do this test. But apparently by these results I don't think there's any problem of either fouling a plug or holing a piston.
I have been reading this article:
http://www.strappe.com/plugs.htmland white insulator is normal because you should only see a black ring on the bottom of the insulator (deep inside the sparkplug).. and that's very hard to photograph

One of my friends filmed part of our ride, but unfortunately I could not see any smoke (and its colour)... if you care to see, it is here:
http://vimeo.com/11782242 You can see me passing by at 2:08 and at 4:56 minutes..
Regards,
Sergio