Yep, the vacuum switch has been removed. At throttle body one there are two vacuum barbs, make sure both are plugged.
The outer coil for the regulator vacuum hose, I've just thought it was to prevent sharp bends which with a bit of vacuum help, might result in the hose collapsing. One day I started my bike, I was gearing up, and I noticed smoke on the left side. I stopped it. It turned out that a wire with a tiny tiny crack in the insulation was touching the coil, creating a dead short to the throttle body. Because it was so tiny, it didn't blow a fuse.
The smoke problem you have, there are many possible innocent explanations there. If your brick hasn't been started in a long time, it might be smokey for a while. You might have the oil level higher than usual, or a problem causing the oil level to rise. If you park it with the side stand, or it's normal park spot is leaning left a bit, or leaning forward a bit, these things can result in smoke for a while, but eventually clear up.