[wslade2]

on mine, 1970 E model
#1 and #2 are the intake drains
so, yes most likely fuel probably from flow divider not cutting off. As the fuel pressure drops during shut down a spring loaded diaphragm is supposed to positively cut off the fuel.
do you "diesel" on shut down (fuel continuing to run into a hot cylinder, lack of positive shut off)?
does it drip with fuel overhead valves in the off position?
have you felt/smelled the drip (positively identified as fuel)?
Crankcase vent will blow oil out definition....(many variables on how much)
oil is lifeblood of engine. fly with what is recommended, not less. My manual says minimum of 7 quarts. As far as more than 7, I would rather wipe some off than run out.
If the "drool" has increased, be aware of causes increased crankcase pressure.