Not surprisingly, that's the exact spot where the oil seemed to be seeping/bubbling out.
I'll get this covered up again and then get the new jets installed in the carb. Hopefully that will make cold-starting easier and if not, I'll keep at it until it does start more easily......it's brutal to get it running now. Once warm, it almost kick-starts itself though it does feel lean. A good cleaning and re-jetting should make this thing the fun it's supposed to be.