I have found that excessive use of the Thermostart is what makes those clouds of exhaust fumes.
So far I've only had to start my YM186D down to 45 degrees but it starts instantly at that temperature.
My procedure: Throttle at zero. Pull the compression release and crank about 10 seconds; more at even lower temperatures. This cranking warms the cylinders from friction and also, because the Thermostart is wired to the starter circuit, provides the first few seconds to warm the Thermostart heating module.
Then twist key left for 5 seconds (that's all mine needs) to further warm the Thermostart. It is emitting diesel vapor, or flame, during these first two stages so this fuel will show as smoke a moment later.
Finally pull the compression release again, move throttle to 100% (as recommended in the manual) and start cranking. After the engine is spinning fast, about one second, drop the compression release and keep cranking. The inertia of the spinning flywheel assists the starter motor here.
The moment it fires, pull the throttle back to 1500 rpm and warm up at that speed for 5 minutes (recommended in the manual) or a couple of minutes (what everybody really does).
Also - Power Service, gray bottle, will make it start easier but use the moderate, not extreme (double) recommended proportion. If fuel can freeze in your climate then you need white-bottle Power Service instead.