Well, maybe I wasn't specific enough:
My 79 CB750L also let oil out when I pulled that cover. I think it needs a little oil for the starter gears inside there. So I'm not necessarily sure there is a bad seal inside there.
An investigation of the microfiches at BikeBandit or OldBikeBarn will tell if there IS a seal in there, or it's just a crank-to-bearing-to-case fit. I'm almost positive there is one for the right side where the alternator is. You Definitely don't want oil on that side.
I hope this helps.
Luke M
Used to have a 1979 CB750L, sold it as a parts bike, now riding a slightly modified 1984 VT700C. Network/Field Engineer. Central OH, USA, Earth, Sol System, Milky Way Galaxy, Universe.