It is not uncommon to see a little oil film in the housing, but any more indicates a problem. Start checking the above mentioned items.
Blue smoke is from burning oil during combustion. You probably should pull the spark plug and check it for fouling as well.
Ken
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Amateur Radio Operator (KE5DFR)|No Longer Full-Time! - 2023 Cougar 22MLS toted by 2022 F150, 3.5L EcoBoost Tow Max FX4 Lariat Travel with one Standard Schnauzer and one small Timneh African Gray Parrot, retired mechanical engineer
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