There is a shaft seal on the arm. That is most likely where the leak is coming from especially if this has never had a rebuild. Seals get hard with age and weep. As far as I know, only way to replace the seal is with a full rebuild. I am with Joe, I wouldn't touch those bolts. They adjust the stop for the fuel arm. If that gets off, the linkage will never adjust correctly.
I have a small oil weep from the pump mounting gasket. I will fix it one day. But for now, i just give the area a quick wipe after a drive. Not that big of a deal. If your engine runs well, I wouldn't touch it and get a towel.