Well, I'm new to this - so who knows. When I removed the rear wheel, the gearbox rotated (heaviest part pointing at ground) a slow drip of gear oil came out around the splined stub. I examined the area for any type of oil seal and didn't see one clearly. Next I discovered an oil seal on the drive shaft (laying in the housing on the bike. Once I popped the gearbox off the wheel and set it on cardboard (wheel side down) the dripping stopped.
Now, I studied the oil seal on the shaft and it looked in good condition. The shaft slid out of the enclosure with no resistance whatsoever, so everything got a good clean and examination. The tiny splines on the forward end of the shaft were clean and dry. The rear splines that go into the gearbox were clearly lubed several times. It looked more like grease than paste - so I cleaned it and reapplied moly paste to ALL splines accessible to me. I also replaced the o-ring that was on the wheel (male splines). There was some very minor grease leakage here, probably from sloppy application/assembly; but I replaced the o-ring anyway. I also cleaned up all the grease between the o-ring and plastic shroud (not really visible once reassembled) because I could and thought it was sensible.
The shop manual shows an oil seal buried inside the ring gear - which in retrospect may be what allowed the gear oil to leak if it was worn. I guess maybe I can investigate replacing this, however - I suspect It requires removing the ring gear? I can't really tell from the pictures. One more item on my to-do list