Re: 1990 8hp Merc Oil question
Lower unit oil that is milky, chocolate color, yellowish, contains water. Water in the lower unit is a killer. If it is leaking out around the prop remove the prop and observe the rear prop shaft seal for evidence of the contaminated oil. If present then seems a resealing of the lower unit is in order. There are seals for shifting, drive shaft entry, prop shaft exiting, and seals on the fill and drain screws. The lower plug (drain) usually has a magnet in it if your engine has a magnet at all.....some do, some don't, and you can buy magneted plugs on here.
However, if it is not coming from around the prop shaft rear seal, it could just be residue from oil that is added to the gas mixing with water, and coming out the exhaust, especially in the colder months where incomplete combustion can be a problem and is perfectly normal.
One more however, if you remove the drain plug, especially if the engine has been sitting upright for some time, and water (the goo mentioned) comes out first then you can pretty well figure on seals being bad.
HTH,
Mark