@ #22: ( but you make it sound like it'll blow the crank gasket out? )
(ALLWAYS park the piston near TDC because the crank oil seal can wick oil back to the conrod bearing.)
Not sure how you arrived at that conclusion, but no, just smoke from oil whip and maybe an oil fouled spark plug.
Almost all modern engines are short stroke wet sump engines. All oil falls to the bottom, the single oil pump picks it up and sends it to the filter. The crankshaft isn't allowed to touch the sump oil to avoid power losses from "whip".
The Bullet comes from a time when the long stroke was king and fuel efficiency was a higher priority than BHP. The crankcase is low to the ground for "handling"/center of mass reasons. The huge flywheel would need another couple inches of case sticking down below to create a sump that kept it clear of the sump oil, and that eats into ground clearance. Their solution was the "dry" sump, one which requires using a seperate high volume "scavenge" pump and a lower volume "pressure" pump.
RE on the Bullet used the "scavenge" pump to keep the sump "dry", ie. minimal oil level. In RE's Bullet, the scavenge pump output directly feeds the rocker arms, then falls back down the pushrod tunnels and pools in the timing cover. The timing side cams & idlers are lubed in the oil bath inside the timing cover. A scavenge pump failure just cooks the rocker arms and fouls the plug, both easily externally replaceable.
The timing cover cavity is always full of oil, above the level of the crankshaft. If the quill bolt seal is leaky, timing chest oil can find its way to the conrod bearing when the machine isn't running. Parking the big end above this level blocks this pathway. The other seal is around the crankshaft itself, always under oil. If it leaks oil will flow into the crankcase at some low rate. The 350's in early days didn't even bother with a seal, they just used a bushing.
The timing cover overflows to the cast-in main oil tank with some assistance from the idler gears "lifting" it back. The "pressure" pump sucks on the main oil tank, pumps thru the oil filter and feeds the conrod. It's dedicated to this task, reducing conrod oil failure methodologies.
All this is a lot busier than a wet sump with a single oil pump feeding everything, which is what we Japanese machine riders grew up with.