I'm no expert on this but I think i'm learning from reading the increasingly numerous threads on this subject.
Here is my understanding of the subject:
1. The motion of the pistons must inevitably tend to pressurise the crankcase.
2. There is SUPPOSED to be air (and possibly some oil, especially on Combat models) flowing through the crankcase breather hose, to relieve that pressure.
3. This air/oil mixture is routed into the oil tank where it should not cause any trouble.
4. The oil tank in turn also has to breathe. On early models like mine it breathes into the air filter housing, where the air can be inducted into the carburettors. However, condensed oil within the tank breather pipe can tend to drip into the filter.
The tank breather was re-routed on later models, probably to overcome this problem. Oil in the filter can be a nuisance, but it doesn't necessarily indicate a major problem.
5. Overpressurisation of the crankcase usually manifests itself by oil being forced out of the crankcase joints, barrel joint, oil seals, even into the primary drive.
If you don't have symptoms of excessive crankcase pressure, try not to worry about the oil in the breather hose.
Cheers
Martin