Phil J.
No, it's a 2003 Classic.
SRL 790.
Yes, very similar. Mine is like that and just on the beginning of the bulge of the rear exhaust where is joins the thinner exhaust pipe.
That is probably because using a small sports exhaust I found that the join between exhaust pipe and the silencer was rather small. I therefore have fitted my silencer support on the pannier support fixing just forward of the original location point. Gives much better silencer to exhaust pipe intergration but moves the start of the bulge further forward!
I think if you run your hand under the g/box then you'll feel the oil there as a slight film.
Think you'll find your damper and magneto seals are fine!!!