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my cam seal is weeping and drops oil down onto the water pump..not the splatter you mention..however....my turbo is blowing a bit of oil into the hoses and that leaks out fro mteh joints and can splatter a bit....
I would pull the hoses and have a look inside them...if theres a lot of oil i might suspect failed seals i nthe turbo leading to the engine 'breathing' a lot of oil...this will upset the running - mines in the shop at the mo having the turbo done...but it has been noticable that it cokes plugs in no time and runs much better after the hosses have been cleaned (breifly) until they get coated again...
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