Oil.....Lots of Oil......Having worked on Cliff Robertson's Mk IX Spitfire for 22 years (1976 - 1998) I can tell you one thing. Lots of oil. Right from the rear of the lower cowl all the way to the heel of the rudder and don't forget the tailwheel, it gets covered in oil. I know this because I used to wipe her down.
Now I am involved with Mike Potter's Mk XVI Spitfire and since the engine has been rebuilt there isn't one drop of oil on her belly. Mike does not do inverted stuff so I do believe that this is the difference. The Mk IX was always dripping oil out of the breather pipes. Jerry Billing flew her and did a full aerobatic routine with her. Combat a/c did aeros and I have pics of WWII Spitfire bellies and they are slathered in oil.
P&W radials such as on the P-47 and F4U go through oil too. I have seen these at airshows and they get covered in oil right down their bellies.
I make oil by starting with clear gloss and adding a few drops of Floquil's Grimy Black. Put some on the scource (panel line, oil cooler, breather pipe, etc.) and streak it back with your paint brush in the direction of air flow and always gravitating to the lowest part of the portion of the a/c that you are applying it to. Do NOT try to blow it around. Remember, when the a/c is sitting on the ground, gravity takes over, but when it is in flight, slipstream takes over. Oil leaks on the side of the cowl ahead of the wing will go up and over the wing following the slipstream just like the exhaust stain.
Cheers
Bob S.