Re: oil leak from prop hub
Two types of leaks, neither one's good in the long run.
In one case, the lube leaks out. That's typically from the prop shaft seal. As was mentioned, unburned residue from the exhaust is frequently mistaken for a lube leak, especially on older 2-strokes. Also, it's common to get fishing line, etc., wrapped on the prop shaft, damaging the seal. If that's the case, you might get by with just the prop shaft seal.
In the other case, water leaks in, That's often at the driveshaft area. As was mentioned, one of the most overlooked seals is the shift rod o-rings. Check LU lube level. If it was severely overfilled, expansion could force some out. Since it's prudent to change LU lube at least annually anyway, drain the LU and see if there's any water contamination. If so, a re-seal is definitely called for. In that case, since the majority of the cost is in labor to drop and reinstall the LU, we usually recommend a full re-seal of all seals and o-rings.