I pulled the magneto and drive pulley in order to check the crank seal and bushing .
I found that dang spoke pattern oil stain on the back side of the drive pulley . Not real heavy , but very noticeable .
While inspecting farther, I noticed that the lip of the oil seal was 'just' over the edge of the bushing . Pulled the bushing , which is in very nice condition , but for a slightly rounded outer edge . Maybe from the seal riding there .
I cut a gasket ( looks like a washer ) to match the bushing and placed it between the crank bushing stop and bushing . That in an attempt to eliminate any possible air leak . I flipped the bushing prior to installation so the squarest edge would be out . Then I applied a couple rounds of twisted thread tape to the crank before adding a 1 mm thick washer . The washer is a couple mm more than the outside diameter of the bushing . Hopefully , the washer will keep the seal lip on the bushing .
Locked all that in place with the drive pulley and re-mounted the magneto .
If that doesn't do the trick , I'll try a seal that is a mm smaller inside diameter .
I had to glue the magnet back in place that I had gorilla glued in place a few years ago . I guess maybe I didn't clean the mating surfaces good enough the first time .
That's where I left things for the night .
Pete .