Too much oil can cause the seals to blow out, but it depends on how much excess you have in them -- oil will not compress, so if too much is in there, something will be forced to give when the forks compress...
The solution is actually quite simple: drain the fluid, and add the correct amount. Pull the drain screws from the bottom of the tubes, and empty them into a used oil container. Compress the fork tubes to ensure that all of the fluid is removed, then re-install the drain screws, and fill with the correct amount of fluid; compress them repeatedly, with the top caps off, to expel air from the system, then install the top caps, and the fork tubes in the triple tree.
Alternatively, just drain out 70cc of excess fork oil from each tube. Hold the tube over a measuring cup, pull the drain screw out, carefully, then re-insert it as you near 70cc. Either way, no need to tear the tubes apart, just to solve the fluid issue.
Fork Oil is expensive ($10-$15/quart), but Dexron (III-VI) ATF fluid is dirt cheap (around $3/quart). Dexron ATF is supposedly around 8W, but it is hard to know for sure, without very expensive test equipment. Not sure the performance gained by using Fork Oil of whatever weight is worth the extra cash, but that's up to each rider to decide. Cheers!
1979 CB750K (sold, 2012, but not forgotten)
1983 Kawasaki 440 LTD Belt Drive (sold, 2011)
1993 Kawasaki Voyager XII