I believe it's not real common for a J to blow a headgasket.
Doesnt mean it won't happen but still...Also humdity of the atmoshpere may influence how much smoke you see.
I am unsure how many cats/mufflers are in a J, but in the large exhaust system of a Q large amounths of water can accumulate and make for quite a bit of wht clouds.
As a matter of fact I have often feared blwon headgaskets in a couple of Q's and it always turned out to be the above reason.Even when drving down the road and then accelerating hard I would see a wht cloud.And everything was fine.
It is cirtical to check the oil ( milky?) and teh coolant (oily?) right away, if you get a hit then indeed you are having a headgasket problem.
As for corrosiveness issues, yes many of the chemicals in coolant will damage an engine but even more critical than damge from roganic acids to teh block is the alsmot immediate damage other components can suffer due to rust and or lack of lubrication(bearings).
Fred..