CAT usual do not get bad unless they are physically damaged, but then you will have check engine on . first you can clean CAT converter.Would this smoke be more pronounced (heavier) if the CATs are clogged? I have original CATs on my 92 and I'm guessing they are clogged up. Going to deCAT this spring when it's warmer.
take a bucket of water mix with laundry detergent so it feels soapy, unbolt CATS and soak them for 40 hr after 40 hr so you should be able to put them up and down in the same water so the water flows through those honey coned freely, rinse them in the clean water. Bolt them on - must have new bolts, ceramic gasket studs as your old probably so rusty and bad. When you bolt them on, fist do the upper bank mount to the engine pipe, do not bolt in the lower yet , you want to test if they are working well, so when you start engine after 3-4 min they will start leaking water that is a good indicator that they are working . That is all