My 2008 455 Rancher leaks, too. It will weep the entire tank of bar oil over several months. It won't stop until the tank is empty. It's done this since day one. I finally decided to examine and diagnose and fix the problem.
I removed the chain/bar, sprocket, oiler cover, and handlebar. Removing the handlebar was most important because that opened up, for inspection, the area where the bar lube suction tube is inserted into a hole in the bar oil tank. That's where mine is leaking. The handle bar is held in place with only 3 screws but a service manual is helpful to discover where those 3 screws are. I bought a service manual on CD for around $5 on eBay. Removing the handlebar also requires disengaging the throttle trigger from the carburetor so the manual is also helpful in discovering how to unsnap the blue plastic lock swivel device without breaking things.
So, like I said, the oil pickup tube is inserted into a hole in the case. The tube has a wide disc shaped region that forms a sort of grommet. The grommet is about the size of a dime. The grommet has a deep circumferential groove just like any grommet. If not pressed into the hole correctly, the groove doesn't seal properly at the hole in the case. Consider it to be a lot like those rubber plugs that seal the fill hole in a differential. On mine, part of the grommet groove/lip was not inserted entirely in the hole of the case. I tried cleaning and reinserting but 4 years of improper installation has deformed the grommet.
Today (06/20/2012) I've ordered a replacement tube (p/n 537261401) but it's predicted to be a week or so before it gets here. Strange. I live in Louisville, Kentucky. We have 2 dealers for Husqvarna. They didn't have the tube in stock. Also, the national company (JacksSmallEngines) from which I ordered didn't have it either.
I think its strange nobody has it in stock. I'm guessing its one of 3 things: (1) This is a fast moving item that sells out as soon as it is put on the shelf or, (2) Its something people very seldom order, (3) Or, the factory has lots of bad ones they have to scrap out of each production run and they can't sucessfully fill all the orders they have for it. My local dealer says they just don't have a call for it much. I guess that's the case.
I'm guessing people who use a saw frequently don't care about the leak. It only puddles maybe a couple of ounces over over 3 to 5 days. Homeowners like me, though, who use the heck out of it for 3 to 5 days and then store it for months are probably most likely to encounter the huge puddle that accumulates over months time.
Anyway ... I'll post back after the part comes in. But, I'm thinking that unless the new 537261401 tube has a tighter fit in the hole, it's likely to leak just like the old one. In that case, I'm hoping it's Hylomar to the rescue! I've used that stuff for years. Recently, I saw a YouTube video of a man using Hylomar a little bit differently on a Husqvarna saw of a model other than the 455, but, neverthelss, the video reminded me to try Hylomar if all else fails on my leaky 455 Rancher. This guy did a really great video. This link should take you to it:
Husqvarna chain oil leak repair 346 - YouTube
At that YouTube site, someone mentions RTV (silicone sealant). I don't think I'd waste the time with RTV. Silicone sealant just won't sufficiently adhere to the plastic case. Also, there is no silicone sealant that will withstand constant submersion in oil. You'd also have to wait for silicone to cure. Hylomar will do the deed, however. And ... Hylomar never hardens ... so there is no cure time and you can put the saw into service immediately. Hylomar will not mix with oil. In other words, it will stay where you put it.
It doesn't have to be the "racing formula" but I do recommend using the Permatex brand. It's the one I know works. The British Hylomar company has far too many variations and I don't know much about those. Just find any Permatex brand of Hylomar sealant. It's usually available at auto parts stores ... even Autozone. You might have to go through several stores, to find it. Might be easiest to just buy from eBay.
So, chances are, I'll use Hylomar on the new tube when it arrives. I'll post my results.