First off, congrats on scoring ****THE**** workhorse of the laser printer world!
The ozone smell is normal (along with the paraffin/burning candle smell when the printer first wakes up from sleep mode).
The solution to your grey stripe along one side of the page may be as simple as replacing the cartridge. In fact, I'd seriously recommend replacing the cartridge before you attempt any repairs.
Note that the Canon EX print engine used in your LaserJet 4 was also used in a lot of other printers, including:
Acom MC5812
Anzac 3008/3010/3012
Apple LaserWriter 16/600, Pro 600/630
Brother 960/1260, HL-1260 DX/NE
Canon 1260/P-270
Canon 8 MARK IV/860/1260/EX
Canon LBP-1260/P-270
Canon LBP-8 MARK IV/LBP-860/LBP-1260/LBP-EX
Genicom 7612/7612 I/9080
Hewlett-Packard LaserJet 4/4 Plus, 4M/4M Plus
Hewlett-Packard LaserJet 5/5M/5SE/5N
DEC Declaser 5100
DEC LN-09
Decision Data IS-682-4C
Lee Data IS-682
Printerm Master Check MICR 12 Plus
Siemens Highprint 4821-P10/P15
Tandem 5575
Troy 508 MICR/512 MICR
Troy 512 Plus
Xante Accel-A-Writer 812
Xerox 6R903
Xylostome XLP820
This means that a cartridge for any of these models will also work in your LaserJet 4 (very handy when searching for cheap cartridges on ebay).
The Printer Works is a good source for EX repair parts.