Re: Selectric Lower Gear Unit
Do I read that right? Forward and neutral are OK, but it goes into forward when you press reverse? and only 8.5v in either fwd or reverse? Sounds like a screwed up shift switch. Be careful, going in the wrong gear could be serious if it decides to go into both fwd and rev at the same time. Something is liable to bust. Come back with a more detailed explanation of your voltage findings and where/when.
I wouldn't get too excited about the emulsified water/oil mix in the exhaust housing. That is the dumping ground for exhaust, unburned oil that has gone through the engine, and excess fuel that has been drained off the crankcase, all mixed with hot cooling water that has gone through the system. It's messy, especially after running under certain conditions. That's why all the uproar and controversy over two-strokes vs four-strokes and the environment. Some engines are worse than others. Yours is a great motor, but not the cleanest ever built. Keep it tuned up, and adjusted for best running. Use correct fuel mix 50:1.