Slight case imperfections, tiny nicks from a connecting rod drop, or small glob of hardened goo that wasn't totally removed from the cylinder base/engine case surface could cause this sort of oil weep, as well as a slightly cock-eyed o-ring.
I just did the job on my 78 R100 (does not have any base o-rings) and I used the modern standard sealant, Yamabond. A paper-thin schmear on the engine case where the cylinder base mates with the engine case (I avoid getting too near the upper studs as the PO had goobed in some sealant there - fortunately not enough to block up the oil supply to the rockers, but I was picking sealant out from the o-ring wells there). What seems to work for me is to go up to near the bottom of the upper 2 studs, and along the case in between them, but not to actually put any sealant around the outer edges of the studs. I will also put a really thin paper-thin schmear around the base of the cylinder. With a model that uses a cylinder base o-ring, I'd skip that part and just be sure to lube the o-ring with a bit of engine oil before putting it in its groove. For the upper stud o-rings, I use a small dab of silicone grease to keep them in their wells during reassembly. So far, perfectly clean, oil-free cases!