MAX WEIGHT FOR LANDING ON WET RWY EXCEEDED. MAX REVERSE USED CAUSING PACKS TO OVERHEAT RESULTING IN SMOKE IN CABIN.

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I HAD BRIEFED ON REVERSING ENGS TO MAX ALLOWABLE UPON LNDG TO MY CREW WITH THE REASONING THAT LET'S GET THE AIRPLANE SLOWED DOWN ON THE FIRST HALF OF THE RWY SINCE WE WERE HEAVY AND BRAKING ACTION WAS REPORTED AS FAIR. UPON ROLLOUT UNDER 80 KTS; THE NUMBER 2 ENGINE STARTED TO COMPRESSOR STALL SO I SLOWLY BROUGHT IT OUT OF REVERSE. WE STOPPED ON THE RWY WITH APPROXIMATELY 700' TO GO BEFORE THE END. DUE TO MAX ALLOWABLE REVERSING; THE AIR CONDITIONING PACKS GOT HOT AND A HOT SMELL WITH A LITTLE BIT OF SMOKE ENTERED THE CABIN. OUT COMPANY HAS NO POLICY ON WHEN TO USE THE DRY LANDING DATA WEIGHTS VERSUS THE WET LANDING DATA WEIGHTS WHEN A RWY HAS SNOW OR ICE ON IT IN FREEZING TEMPERATURES. OUR LANDING WEIGHT WAS RIGHT IN BETWEEN THE MAX ALLOWABLE LANDING WEIGHT FOR A DRY RWY (169000 LBS) AND A WET RWY (151900 LBS). LOOKING BACK ON ALL OF THIS I SHOULD HAVE HAD THE SECOND OFFICER TURN OFF THE AIR CONDITIONING PACKS ON SHORT FINAL TO PREVENT THE SMOKE FROM ENTERING THE CABIN AND I SHOULD HAVE USED THE MOST CONSERVATIVE LANDING DATA. (WET!!)