Re: oil coming out of prop exaust
My 2 cents - Unburned oil. My Evinrude would do that all the time, especially if I drove the boat at low RPMs for a long time (example = trolling, long no wake zones etc). I found that if after a long time of low RPMs, if I opened up the throttle for a few minutes before going in, the drip from the prop would not happen. If the gear lube was good with no water, you are probably ok.