At the time I posted that last night I hadnt had the truck running on its own to be able to smell the exhaust.
I was getting good fuel at the rail after the pump had primed, just wasnt 100% on the pressure.
Just as an update, I was able to get the truck to run on its own. No water or oil smell through the exhaust, a slight misfire which could be coming from one or both of the OEM injectors. Its rather hard to start and you have to give it a bit of throttle to get it to start. I am going to reset the timing after I figure out the proper procedure.