That isn't your problem. Some start up smoke/puff in cold is normal (it even says so in the manual), but seems to vary greatly. I have two ALHs in my current rotation. The all original 1999 with 215k miles always puts out a puff that is large enough I can notice it from the driver's seat. The 2000 that was refurbished at 380k and now has 580k barely has anything at cold start. My BHW at 220k actually puffs the most, and it did it a little even when it was brand new.
Things you can check:
temp sensor values (intake, fuel, coolant) in the scan data, make sure they are all what they should be at cold start (ambient, close to the same)
any signs of fuel leaks, allowing air into the system, which can can poor combustion at start up (like o-rings on the fuel filter thermostat... keep in mind these can let air IN but not let fuel OUT, since the system is not under any pressure, which can make them difficult to detect)
battery voltage/starter condition, slow cranks can mean poor light-off
Injector spray pattern health...only way to really check this is send them out. But in your case, I'd imagine they are probably OK but could benefit from some diesel purge or even some cleaner in the tank (we use BG 245 here, but there are others).
Timing (was the belt installed properly, and was it timed correctly aftewards?)
Is the intake manifold clean? With that low of mileage, it may be carrying around some pre-ULSD gunk still.