Don
From what I was told, the inner parts the contacts and such, is where the damage occurs, I guess it's not a robust design, and whatever does the sealing on the inside breaks, and oil seeps through the innards of the switch itself, and comes out around the metal electrical terminals.
So once you get leakage, there's not much you can do except replace it.
I'm going to try teflon thread tape on the threads, and tighten it up by hand before installing the transmission.