Re: Pulled Merc 888
It's also milky. Either your drive leaks or your bellows leaks. If the bellows is over 5 years old, I would be thinking about a replacement.
After you drain the drive and replace the leaking front seal, pressure and vacuum check the rest of the drive before you put gear lube back in.
Also, when you are replacing that input shaft seal, make sure the yoke is in good shape. They can develope a groove where the seal rides and causes it to leak, or it's rusty from water in the bellows and the rust acts like sand paper on the seal.