Very cool, Mike!
Indeed, the oil was covering the lower unit and I found that every plastic hose clamp on the fuel system had cracked in half.
The VRO connections were bleeding oil slowly and leaking out. I really suspect the carbs and motor might be full of oil.
I can turn it over by hand so that's a good sign. Lots of rubber hose will have to go.
What do you use for clamps, Mike?
Spent 2 hours yesterday getting the 2 fuel tank's valves working right, Some stuck stuff. Patience got them free.
Wires are great. No signs of mice or dobbers. I had an old Ranger with a 70 so it's all coming back to me.