Distributor Oil Leak..."call me crazy"

Ok - I was just checking to see if it might be something else but you're saying you can see it out the weep hole. Normally there is not enough crankcase pressure to push the oil up the shaft and into the distributor body. that hole is more for venting and water if it was ever to get any in there through condensation, etc. Is there any oil coming out the dipstick tube with everything disconnected? Does the handle get pushed out of the tube? With everything reconected - pull the oil fill cap - when it's running do you see any oil vapor coming up from the valve cover? Put your hand over the fill hole and rev the engine slowly to 2-2500. Do you feel pressure pushing your hand off?