Gearcase lube is contained in gearcase by seals under the water pump. The seals on the bottom of the crank around the driveshaft are mainly to keep water out of the splines. The splines are only lubed by what ever is placed on the splines when the gearcase is installed. Oil leaking from the bottom of the powerhead normally is darker than the two stroke oil used in the engine and will have a gasoline smell. Gearlube will have a sulphur smell. It seems that you could continue to cautiously continue to run the engine listening for unusual noises and monitoring oil consumption.
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