I pulled the petcock off. It's riveted together, so not serviceable. I also found that the strainer was missing and that the rubber seal (the one at the threaded tank nipple) is shot and is the source of the leak.
I bought a 50-cent fuel injector O-ring that looks to be about the right size, but, when I put it on, it leaks. I'm thinking that rather then flattening out, the O-Ring slips into the reserve port of the petcock causing more leakage.
I got a hold of Doug and he's sending me a new strainer and gasket for a good price.
And yes PT... no sense in cutting corners when it comes to fuel dripping on a hot engine!