Thanks to everyone here again, had the boat out and after rebuilding the fuel pumps and carbs it ran like a champ today. In fact I even saw a guy out there with a new merc, I don't think he could believe his eyes that my force was running as well as it was 
When I got back though I noticed some oil leaking out of the lower unit. Its dark and black and smells like oil, not lower unit oil (which is yellow and smells like cat pee). I opened the LU drain screw a bit and clear yellow oil, no water present.
The oil seems to be coming out of one of the lower unit drain holes (in front of the second bolt on either side)
Any ideas what the stuff is? Honestly it smells like the Deep creep (sea foam) stuff I used to fog the engine last year but that was all in the powerhead so I'm not sure what this stuff is.
No oil is present anywhere else I can see except from this drain plug. Thanks!
When I got back though I noticed some oil leaking out of the lower unit. Its dark and black and smells like oil, not lower unit oil (which is yellow and smells like cat pee). I opened the LU drain screw a bit and clear yellow oil, no water present.
The oil seems to be coming out of one of the lower unit drain holes (in front of the second bolt on either side)
Any ideas what the stuff is? Honestly it smells like the Deep creep (sea foam) stuff I used to fog the engine last year but that was all in the powerhead so I'm not sure what this stuff is.
No oil is present anywhere else I can see except from this drain plug. Thanks!