Hmmm. That looks like another undocumented change from the older 305/250 motors on the starter clutch sprocket. I ran into a change on the clutch outers and thrust washer arrangement on my early 64 that wasn't very clear in the parts catalogue and numbers. That oil hole in the crank spindle would not seem compatible with the seal that is installed, where would that oil be returned to? The spirals on the sprocket in your hand make sense, but would there then be another smaller outboard seal on it, that rides on the crank spindle? There looks to be a thin darkened line on the spindle, a centimeter or so, out from that oil hole on the spindle.
On the upside, fresh Hondabond does clean off a lot easier, I think.
Maybe Jensen can shine some light on this older variation.