This has been the cause for oil and water leaks for me in the past. Not often but it does happen.Additionally, the outdrive o-rings were held in with bellows adhesive in an excessive fashion and allowed to dry, which apparently made the mating surfaces uneven, probably contributing to the oil seepage that I observed at the bell housing.
The idea is that bellows adhesive be used sparingly to only hold the o rings in place during drive install. The o rings, when seated in the shouldered areas do the sealing, excess adhesive diminishes the ability for sealing.
Clean all the excess adhesive and apply the least amount, like a drop in the corners, of adhesive when re installing the drives