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Oil leak hot spots: valve cover, spark plug "doughnuts," cam seal plug (behind distributor), distributor seal, oil cooler seals (oil cooler is where the oil filter screws on to, it unbolts from the block, there is a seal there that hardens over time), oil pan. What causes it? Old age. You've got these pieces of rubber constantly heating up and cooling and over the course of a few years, they get brittle and crack.
The boot that is torn is the tie rod boot. They should be replaced when broken (to prevent inner tie rods from drying out / getting gunked with crap), but most people just leave them like that.
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LS2 > H22

458 RWHP / 422 ft/lbs RWTQ
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