Smell It Thunderheart. If It Has A Odor Other Than 2 Cycle Oil I'd Worry That It Might Be Lower Unit Gear Oil. You Could Always Drop The Lower Unit Oil And Check It For Water. If You Are Running Ear Muffs On Your Bench Tests, This May Cause Water To Run Back Out Of The Seep Hole Because Of Excessive Pressure And In Normal Conditions You Would Not Notice It. Just My Two Cents.