" black smoke ONCE out the exhaust but not constantly" Im a bit confused as to when it is blowing smoke. A venting BOV will blow black smoke and make it run rich on gearchanges, as the ECU thinks that air coming out the BOV is going through the motor, so it adds the corresponding amount of fuel. When you change gears it fuels the motor up, then when you accelerate again it comes out as a big puff of black smoke.
Assuming the BOV isnt leaking under boost, it wont make the car blow smoke continuously when under load, just the big puff after a gearchange.