some oil seepage is normal over time. looks like yours hasn't been cleaned in a while. when you reinstall the pipe use some hi temp rtv sealant and be sure to let it dry overnight before starting the trike. you can also switch to a different oil. one that burns cleaner. something like castrol TTS, klotz, or motul. the maxima line of oils are also good, however, their oil blend was developed by castrol and your getting the same oils, just at a higher price.
Back on 2 wheels for now!
clean 86 350x for sale.