Well, I was wrong. It WAS sealed...
.
After a nice highway drive to a local bike night everything was dry and dandy. On the way home I subjected her to a little more high RPM flogging and was rewarded with a wet foot... So seal number 2 also failed.
When I took it out to see what was up it was apparent that it was leaking around its base. Now remember this is a seal being driven in from the OUT SIDE. Not placed in properly as per Honda assembly instructions.
During this trial and error process I also sourced a few "spec" oil seals. That are similar dimension to the Honda seal but with out the small flange and secondary metal inner seal.
I pulled the factory seal back out and replaced it with the spec seal and a little Honda bond.
So far the spec seal has been holding up. These normal seals are meant to be driven into place so there was no modification needed to get the seal to fit.
Now there were a few other problems that seemed to pop up (mainly due to my taking the previous owners word that the bike had had some professional service done).
The Valve cover breather tube was vented into the oil tank. The crank case vent was vented to air and the spigot from the tank that was supposed to go back into the crank was plugged... So after getting the seal to hold I was now PUKING oil everywhere. I did a little reading of the factory manual and of course Honda routes its breather lines CORRECTLY and plugs the crank case hose in to the back of the tank. Nice, no more oil soaked back wheel!!! And no more BP sized oil spills everytime I come to a stop.
With everything buttoned back up, all hoses routed properly, the spec seal in place and a new o-ring on the points shaft I have no oil on my shoes, ground or tire.
Now it only has about 10 miles on it and I plan on pushing it this weekend to see if I can make it leak but (again) so far so good. IF the seal stays in place and doesnt leak I will post the part number incase any of you want to give it a try.
By the way the spec seals are less than $2.00 each!