Don't let 'em drag you down...........
This rubber seal deal is as common as the clap, everyone has it.
This particular seal has a steel disc that is bonded/encapsulated by "rubber" and was designed to block off this bored hole from oil.
What happens, is that people swap chains eventually, and use an "O-ring" chain. The new chain is wider than Honda accounted for when "The Mini Skirt Mob" ( a critically acclaimed full feature film of 1968 depicting the trials and tribulations of mini-skirt clad busty starlets romping free in the California deserts seeking vengeance on the cowboys that did them wrong) was all the rage.
So, they swap chains, never realizing that the new fangled chain (that is now wider, but with the same part number so to speak) is taking the wood to the seal.