My 97 had a bad oil leak below the front cover. Oil was all over the front end and I was 2 quarts low every month. I cleaned up engine and tabbed KDP and replaced front cover gasket (with grey RTV also on gasket) and front seal. I think the front seal was the major leaker, cause it fixed most of the leaking.
However, I still had a small leak from the vacuum pump to gear housing gasket at the lower mounting bolt area. It was tricky to find because the fan blew the oil from behind the gear housing towards the front of engine (go figure... geesh!) and up under the front cover seal and it looked like the front seal was leaking again. I cleaned it good and then seen it was coming from vacuum pump gasket lower mounting bolt (vacuum pump to gear housing gasket). I replaced that gasket and it stopped that leak.
I also had oil leaking from the valve covers and replaced the valve cover gaskets. That leak was soaking oil below the exhaust manifold all over that side of engine. Now my engine is leak free.
That fan will blow the oil all over so it can be hard to locate the source til you clean the engine real good.
If you do the KDP tab and replace front cover gasket and front seal it may clear up your leak.
By the way, I have a 53 block and no problems so far with 145k miles.
As has been said already, the KDP is more serious than the oil leak. If the KDP cracked your timing case it could cause a oil leak there but it would probably be a serious oil leak.
That's what I found with my oil leaks. Hope it helps. Good luck.
Dave