YES our flatheads do leak oil. some more than others, there is no cam seal per say... the front cam bearing feed oil the front main bearing and then the crank is filled with oil from the front main, and from the crank it feeds to rods, the center main is feed the same way from the cam to the main and to the rods ,...ALL under oil pressure.... each bearing in the system loses some oil at each point, and returned to the pan ,, ready to go again ... clear as mud, right... the timing gear is not feed... Henry was big on splash it is part of the splash system, and so is the disturber, yes that hole in the top of the bushing / bearing area you were ask the check for lose in the rear of the dist. is part of the splash system as are the water pumps oiled, in the timing gear area splash system .... I'am beginning the think you have to much PRESSURE in the crank case area, Have you put on a NEW oil fill cap ?? maybe a chrome one ?? OR ... a splash of mud, road tare, dead rodent ,,, and have plugged the vent, at the right front corner of the oil pan, its a small triangle shaped looking down, with a small vent hole to the back side ...should be clear, open or with steelwool in the opening ?? so it will vent ?? Maybe that"s where your squeal is coming from ?? sorry.. too much bla..bla....... OLD.....BILL