I have a 69 Johnson 40 HP manual shift. I rebuilt the gear system in the lower unit, charged it will oil and let it sit while I worked on the power head. Now that I have the power head working (and running excellent i might add)--I hooked it up to the water and it performed flawlessly. Until I turned the water off - these gritty, dark semi-oil based residues started coming out of vent holes in the lower unit. I thought it maybe gearcase oil, but i drained that and it looks fine - there is just much less oil that came out as i put in originally. Is there an o ring i forgot about or are these residues just the crap thats been in there and left for so long? Help - wanna go fishin!