Bit of an update. I replaced the vacuum hoses with 3mm silicone tubing as recommended on other threads. In addition to the vacuum pipe I found off at the ECU, the red one had also come off at the back of the manifold. I drained the engine coolant and flushed it through, I was going to use rad cleaner but the water ran clear quite quickly and there wasn't much sludge at the bottom. I fitted a new thermostat and auxiliary fan temp switch/sealing rubber as I drained the system from there. I have now fitted 4 new spark plugs also.
After running the engine for about 20 minutes the white emissions and water from the exhaust had pretty much gone. I had a look under the oil breather cap and there were no signs of mayonnaise. I started it again today and there was a bit of exhaust vapour/water in the exhaust but nowhere near as bad as the 1st time I started the engine (as in the video). So at the moment I'm hoping it's not a head gasket, but will be keeping a very close eye on coolant levels etc.
As for my oil leak..... I wanted to do the valve adjustments whilst doing all the work above. When I took the rocker cover off, the cork gasket was brittle and came off in about 3 bits. I had ordered a new one anyway as I knew the valve adjustments were going to be done. I think when I changed my oil (before the oil leak), when filling the engine back up with new oil and the rocker cover becoming full until the oil drained down, fresh oil has gone through the perished cork gasket and down the back of the engine. This then made a small puddle. I replaced the sump plug copper washer with a new item and after running the engine, so far no major leaks like before. So hopefully a small win there.
Thanks again all for your help. I now have another issue with the engine idle speed, stuttering and 'popping' in the inlet manifold when putting the accelerator down quickly. Need to read the great threads and tips by Sprocket and FlyingScot again to start troubleshooting that!
Cheers.