Re: '72 Evinrude 65HP LU milky oil--driveshaft?
So it took a week to get the new bearing. The shop put the new driveshaft seals and bearing in the bearing housing for me for an extra $10, and I was happy to have one less thing for me to screw up.
So I put he LU back together over the 4th weekend. I put a little LU oil around the driveshaft seal and pumped air in. I saw a couple bubbles at first, but then the new seals seemed to "seat" themselves and no more bubbles. The LU seemed to hold pressure fine. I put a little marine trailer bearing grease around where the driveshaft and the seal meets to try to add a little extra water proofing before I put the water pump back on.
Putting the LU back on the motor was nerve wracking because on my first try the driveshaft spline wasn't lined up, so when I took the LU off again, the plastic guide sleeve had come off on the water pipe. It didn't stay on the pump. This meant that if I backed off just a little when I was putting the lu on, the guide would pop off the pump and would not be connected. so I actually thought of supergluing the plastic guide on the pump or something, until deciding that I just need to make sure I don't back off when putting the lu on. Had my wife turn the flywheel to get the spline in (hey that sounds kinda dirty

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No telltale on the '72 rude, so the only way I was going to know if the water tube was connected was to run it and see whether it overheated. Ran mineral spirits through till clear per Lionhunter's suggestion, added oil and crossed my fingers.
Because of a lot of stuff going on I wasn't able to get the boat out until last Thursday. Motor ran great. LU had forward AND reverse, so apparently I didn't break it. But...
I check the oil after, and total milkshake
I drained it, did another pressure test, and it held steady pressure for about 1/2 hour. think the slight groove on the driveshaft only causes a problem when it's turning. I don't have the money or the time to mess with it any more, so I'm just going to buy LU oil in bulk and change after every outing.
