Minimum smoke is gotten by having the fuel completely combusted, which is a factor of Time, Temperature, and Turbulence.
The
wood gases need to stay in the hot zone long enough with enough turbulent mixing to finish burning; only after that do you want to extract heat from the system.
All-metal stoves like the typical Youtube examples will be radiating heat all over so will never get hot enough for long enough for complete combustion, and the "V" configuration tends to have combustion starting at the bottom and streaming straight up, which may not give enough turbulence for good mixing. You can insulate the steel for more heat, but as you get hot enough for full combustion, you will start to degrade the steel fairly quickly. The angled feed is susceptible to hangups if there is any irregularity in the wood, especially if pieces are longer than the feed and stick out of the top. A vertical feed is more reliable here. A vertical feed with a short (say 6") horizontal burn tunnel will give two right-angle bends for turbulence and a slightly longer flame path for more combustion time.
The best setup, of
course, will have no metal at all in the flame path, but refractory material like firebrick or ceramic fiber insulating board, to keep the fire intensely hot without degrading the container. This can be held inside a metal outer shell for stability if portability is desired.